Correct option is B $\frac{\mathrm{I} \omega^{2}}{4}$
Initial angular momentum, $\mathrm{L}_{1}=\mathrm{I} \omega$
$\mathrm{K}_{1}=\frac{1}{2} \mathrm{I} \omega^{2}$
When, second ring is put on it and they start rotating with same angular speed, say $\omega_{0}$.
Now, final angular momentum, $L_{2}=2 \mathrm{I} \omega_{0}$
Conservation of angular momentum:-
$\mathrm{L}_{1}=\mathrm{L}_{2}$
$\Longrightarrow \mathrm{I} \omega=2 \mathrm{I} \omega_{0}$
$\Longrightarrow \omega_{0}=\frac{\omega}{2}$
$\mathrm{K}_{2}=2 \times \frac{1}{2} \mathrm{I} \omega_{0}^{2}=\mathrm{I} \omega_{0}^{2}$
$\begin{array}{l}
\mathrm{K}_{2}=\frac{1}{4} \mathrm{I} \omega^{2} \\
\Longrightarrow \mathrm{K}_{1}-\mathrm{K}_{2}=\frac{1}{4} \mathrm{I} \omega^{2}
\end{array}$
Hence, answer is option-(B).