Key Details of ESOP Grant

  • The Board of Directors approved the grant in their meeting held on November 06, 2026.
  • Total options granted: 140,100 (One Lakh Forty Thousand and One Hundred) to eligible employees.
  • Grant made under the Company's ESOP Scheme 2022.
  • Each option, upon vesting and exercise, entitles the holder to receive one fully paid-up equity share of face value ₹10 each.
  • Exercise price: ₹10 per option.
  • Exercise period: 5 years from the date of vesting.
  • The grant complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 and the Company's ESOP Scheme.

Annexure A Disclosure Details

1. Brief details of options granted: 140,100 options granted to eligible employees under the Company's ESOP Scheme.

2. Compliance with SEBI Regulations: Yes, the scheme is in terms of SEBI (SBEB & Sweat Equity) Regulations, 2021.

3. Total number of shares: 49,100 equity shares of ₹10 each (appears to be a calculation or typographical reference).

4. Pricing formula: As per the ESOP Scheme.

5. Exercise price: ₹10 per option.

6. Exercise period: 5 years from the date of vesting.

7. Significant terms: Options shall vest and be exercisable in accordance with the ESOP Scheme.

8. Options vested: Not applicable at the time of grant.

9. Options exercised: Not applicable.

10. Money realized by exercise of options: Not applicable.

11. Total number of shares arising from exercise: Not applicable.

12. Options lapsed: Not applicable.

13. Variation of terms of options: Not applicable.

14. Subsequent changes/cancellation/exercise of options: Not applicable.

15. Diluted EPS: Not applicable at the time of grant.

Additional Information

  • Disclosure made as per SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/1/3762/2026 dated January 30, 2026.
  • Signed by Rishabh Kumar Jain, Company Secretary & Compliance Officer (M. No. F7271).
  • Company CIN: L25200GJ1984PLC050560.