The Nomination and Remuneration Committee of the Board of Directors approved the grant at its meeting held on Thursday, November 05, 2026.

Key Details of ESOP Grant:

  • Number of Options Granted: 4,06,500 (Four lakhs Six Thousand and Five Hundred) Stock Options
  • Under Plan: Aditya Vision - Employee Stock Option Plan 2021
  • Regulatory Compliance: The scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 as amended from time to time
  • Shares Covered: 4,06,500 equity shares of ₹1/- each of the Company
  • Conversion Ratio: Each stock option carries the right to apply for and be allotted 1 (one) equity share of face value of ₹1/- each
  • Exercise Price: ₹350/- per Option, determined by the Nomination and Remuneration Committee at a discount to market price
  • Minimum Exercise Price: Not less than ₹1/- (face value of shares)
  • Pricing Methodology: Based on closing market price of equity shares on the recognized stock exchange having the highest trading volume on the date of determination

Vesting Schedule:

The ESOPs shall vest according to the following graded schedule:

  • 10% at the end of 1st year from date of grant
  • 20% at the end of 2nd year from date of grant
  • 30% at the end of 3rd year from date of grant
  • 40% at the end of 4th year from date of grant

Exercise Period:

Exercise Period for the vested options will be up to 4 (four) years from the date of respective vesting.

Significant Terms:

  • The Equity Shares allotted upon exercise of Stock Options will rank pari-passu in all respects with the existing equity shares of the Company
  • There shall be a minimum period of one year between the Grant of Stock Options and Vesting of Stock Options

Additional Information:

  • The disclosure is made pursuant to SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026
  • Options exercised: Not provided
  • Money realized by exercise of Options: Not provided
  • Number of Shares arising as a result of exercise of Option: Not Applicable
  • Options lapsed: Not provided
  • Variation in terms of Options: Not provided
  • Subsequent changes or cancellation or exercise of such Options: Not Applicable
  • Diluted earnings per share: Not provided

The document is digitally signed by Akanksha Arya, Company Secretary, on November 05, 2026 at 14:28:26.