Borosil Limited has intimated the stock exchanges regarding the grant of employee stock options approved by its Nomination and Remuneration Committee (NRC).

Committee Approval

The NRC of the Board of Directors approved the grant at its meeting held on October 29, 2026. The meeting commenced at 10:35 a.m. IST and concluded at 12:00 noon IST.

Grant Details

  • Total options granted: 723,200 stock options under the 'Borosil Limited - Employee Stock Option Scheme 2020' (as amended).
  • Each option entitles the holder to apply for one equity share of the company of Re. 1/- each.
  • The scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Pricing Formula

The options were granted at ₹192.8 per option, representing a 20% discount to the market price. The market price is defined as the latest available closing price on the National Stock Exchange of India Limited (NSE), which was the exchange with the highest trading volume in the company's equity shares on the previous trading day, October 28, 2026.

Vesting Schedule

The options will vest in three annual tranches from the date of grant:

  • 1st Anniversary: 33% of options granted
  • 2nd Anniversary: 33% of options granted
  • 3rd Anniversary: 34% of options granted

Exercise Period

The exercise period commences from the respective date of vesting and expires upon completion of five years from that vesting date. The treatment of vested and unvested options in the event of cessation of employment is governed by the provisions of the Scheme.

Current Status

  • Options vested: Nil
  • Options exercised: Nil
  • Money realized by exercise of options: Nil
  • Total number of shares arising from exercise: Nil (though each option carries the right to one equity share)
  • Options lapsed: Nil
  • Variation of terms: Nil
  • Subsequent changes/cancellation/exercise: Nil

Financial Impact

The diluted earnings per share impact is noted as not applicable at this stage as the disclosure pertains only to the grant of options, not their exercise.

Additional Information

The intimation has been uploaded on the company's website at www.borosil.com.

The disclosure was signed by Pradeep Joshi, Company Secretary & Compliance Officer (FCS - 4959), on October 29, 2026, at 17:23:35 IST.