HDFC Life Grants 3.49 Million ESOPs and PRSUs

Date: September 29, 2026

Board Meeting Outcomes

The Nomination & Remuneration Committee of the Board at its meeting held on September 29, 2026 approved:

• Grant of 23,85,355 equity stock options of face value ₹10 each at grant price of ₹531.60 per option, convertible into one equity share each upon vesting and exercise under Employee Stock Option Scheme 2025
• Grant of 11,05,140 performance restricted stock units of face value ₹10 each at grant price of ₹10 per unit, convertible into one equity share each upon vesting and exercise under Performance Restricted Stock Units Scheme 2025

Vesting Schedule

Stock Options Vesting:

• 1st anniversary from date of grant: 30% of options granted (7,15,607 options)
• 2nd anniversary from date of grant: 30% of options granted (7,15,607 options)
• 3rd anniversary from date of grant: 40% of options granted (9,54,142 options)

Performance Restricted Stock Units Vesting:

• 1st anniversary from date of grant: 30% of units granted (3,31,542 units)
• 2nd anniversary from date of grant: 30% of units granted (3,31,542 units)
• 3rd anniversary from date of grant: 40% of units granted (4,42,056 units)

Exercise Period

Both vested options and vested units must be exercised within 4 years from the date of respective vesting. Failure to exercise within this period will result in automatic lapse of the options/units.