Havells Clarifies 3-Year ESPP Vesting to Proxy Advisors

Date: 2nd June, 2026

Board Meeting Outcomes

This disclosure provides clarifications sought by Proxy Advisory Firms on Resolution No. 14, 15 & 16 proposed in the Notice of the upcoming 43rd Annual General Meeting (AGM) of the Company scheduled for 19th June 2026.

The clarifications specifically address the Havells Employees Stock Purchase Scheme 2026:

• Resolution 14: Approval of the Havells Employees Stock Purchase Scheme 2026 and its implementation through Trust
• Resolution 15: Authorization for Havells Employees Welfare Trust to Subscribe to Shares for and under the Havells Employees Stock Purchase Scheme 2026
• Resolution 16: Provisioning of money by the Company to the Havells Employees Welfare Trust/ Trustees for Subscription of Shares under the Havells Employees Stock Purchase Scheme, 2026

ESOP / Share Allotment Details

The Company provided the following clarifications regarding the stock purchase scheme:

Vesting Period:

• Shares will vest with Eligible Employee(s) over a period of three (3) years
• Vesting occurs in three tranches: Year 1 (1/3rd), Year 2 (1/3rd), Year 3 (1/3rd)
• This 3-year vesting period will be strictly adhered to as specifically mentioned in S.No. (d) of the table in Explanatory Statement of Resolution No. 14

Exercise Period:

• The Company will provide a maximum of 30 days for Eligible Employees to exercise their rights
• This 30-day exercise period is consistent with the past practice of the Company