The Nomination and Remuneration Committee (NRC) of the Company, at its meeting held on Friday, November 06, 2026, approved the grant of 6,75,000 stock options to eligible employees.

Key Details of the Grant (As per Annexure-A):

  • Each Stock Option is convertible into one fully paid-up equity share with a face value of INR 10.
  • The grant covers a potential issuance of 6,75,000 equity shares of face value INR 10 each.
  • The exercise price for the options is set at INR 10.
  • The vesting schedule for the options will be determined by the NRC and specified in the individual grant letter and the ESOS 2026 document.
  • The Stock Options become exercisable from their respective vesting dates and are contingent on the employee's continued employment with the Company, except under certain circumstances defined in the scheme.

Scheme Provisions:

1. The ESOS 2026 outlines the treatment of options in cases of employee death, permanent incapacity, resignation, termination, retirement, or abandonment.

2. The scheme includes provisions for requisite adjustments (which may include the number of options) in the event of corporate actions such as rights issues, bonus issues, stock splits, consolidations, mergers, amalgamations, sale of divisions, or other reorganizations. These adjustments will be made in a fair and reasonable manner.

3. Equity shares allotted upon the exercise of these stock options will not be subject to any lock-in period.

4. Equity shares resulting from the conversion of options will rank pari passu with all other existing equity shares of the Company from their date of allotment.

Additional Information:

  • Subsequent changes, cancellations, or exercises of these options are marked as 'Not Applicable' in this filing.
  • The diluted earnings per share (EPS) impact from the potential issuance of shares is also marked as 'Not Applicable' in this filing.
  • This disclosure was made in compliance with the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
  • The intimation has been submitted to BSE Limited and will be hosted on the Company's website (www.iconf.in).

The letter was digitally signed by Pooja, the Company Secretary & Compliance Officer, on November 06, 2026.