Azad Engineering Grants 80,000 ESOPs at ₹1,050

Azad Engineering granted 80,000 ESOPs under its 2024 scheme at an exercise price of ₹1,050 per option.
The grant was approved by the Nomination and Remuneration Committee on May 12, 2026, pursuant to shareholder authority.
Options will vest after one year and can be exercised on specific dates within a one-year window post-vesting.
The disclosure complies with SEBI Listing Regulations and Master Circular dated January 30, 2026.