GHCL Textiles Proposes 4.7% ESOS via Postal Ballot

Type of Meeting: Postal Ballot through remote e-voting only
Cut-off Date: Friday, August 07, 2026 (for determining voting eligibility)
Voting Period: Wednesday, August 12, 2026 at 09:00 AM IST to Thursday, September 10, 2026 at 05:00 PM IST
Deemed Date of Passing Resolution: Thursday, September 10, 2026 (if approved with requisite majority)

Special Business - Item No. 1: Approval of GHCL Textiles Employees Stock Option Scheme 2026

The resolution seeks approval to:

Create, offer, issue and grant up to 45,00,000 (Forty-Five Lakh) stock options exercisable into an equivalent number of equity shares of face value ₹2 each
Representing approximately 4.70% of the paid-up equity share capital as on March 31, 2026
Implement the scheme directly through fresh/primary issuance of equity shares (not through a trust)
Grant options to permanent employees and whole-time directors, excluding promoters, promoter group, independent directors, and directors holding more than 10% equity
Set maximum grant limit of 3,00,000 (Three Lakh) options per employee per annum (0.31% of equity)
Use fair value method for option valuation in compliance with Ind AS 102
Allow Board/Nomination & Remuneration Committee to determine exercise price, vesting period (minimum 1 year, maximum 5 years), and other terms

Voting Method: Remote e-voting only through Central Depository Services (India) Limited (CDSL)
Service Provider: CDSL engaged for providing remote e-voting facility
Eligibility: Members whose names appear in Register of Members/List of Beneficial Owners as on August 07, 2026
Access Methods:
Individual demat holders: Through CDSL/NSDL websites or depository participants
Non-individual members: Through corporate registration on www.evotingindia.com
Voting Rights: Proportional to share in paid-up equity share capital as on cut-off date

Mr. Manoj R. Hurkat, Practicing Company Secretary (Membership No. F4287, Certificate of Practice No. 2574) appointed as Scrutinizer
Responsible for scrutinizing the voting process in fair and transparent manner
Board authorized to appoint additional/replacement scrutinizers if needed

Results will be declared on or before Saturday, September 12, 2026
Declaration at corporate office: B-38, GHCL House, Institutional Area, Sector-1, Noida-201301
Results and Scrutinizer's Report will be displayed at registered office and corporate office
Results will be placed on company website (www.ghcltextiles.co.in) and CDSL website
Results will be communicated to stock exchanges (NSE and BSE)

Conducted pursuant to Section 110 read with Section 108 of Companies Act, 2013
Complies with Rule 22 and Rule 20 of Companies (Management and Administration) Rules, 2014
Follows MCA Circulars: General Circular Nos. 14/2020, 17/2020, and latest 03/2025 dated September 22, 2025
Complies with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Adheres to Secretarial Standard on General Meetings (SS-2)
Follows SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Notice sent electronically to members with registered email IDs
Physical copies not sent pursuant to MCA circulars
Documents available for inspection at registered office/corporate office during working hours (11:00 AM - 1:00 PM)
Scheme document available on company website: www.ghcltextiles.co.in
Company CIN: L18101GJ2020PLC114004
Corporate Office: GHCL House, B-38, Institutional Area, Sector-1, Noida-201301