Indigo Paints Limited has submitted a regulatory disclosure to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure concerns the grant of employee stock options. On the recommendation of the Nomination and Remuneration Committee (NRC), the company's Board of Directors, in its meeting held on May 22, 2026, approved the grant of options to eligible employees.

Key Details of the ESOP Grant:

  • Total Options Granted: 44,400 options
  • Schemes: Options granted under both the Indigo Paints Employee Stock Option Scheme - 2019 (ESOS 2019) and the Indigo Paints Employee Stock Option Scheme - 2024 (ESOS 2024)
  • Compliance: The grant is in terms of the SEBI (Share Based Employee Benefits) Regulations, 2021
  • Total Shares Covered: 44,400 equity shares of face value ₹10 each will be issued if all granted options are vested and exercised
  • Exercise Price: ₹10 per option, as decided by the NRC

Vesting Schedule:

The options will vest over a four-year period on a graded basis:

  • End of 1st Year from Grant Date: 10% of options granted
  • End of 2nd Year from Grant Date: 20% of options granted
  • End of 3rd Year from Grant Date: 30% of options granted
  • End of 4th Year from Grant Date: 40% of options granted

Exercise Period:

Options granted under both ESOS 2019 and ESOS 2024 may be exercised within a maximum period of 48 months from the date of vesting of such options.

Significant Terms:

  • The ESOS 2019 and ESOS 2024 schemes are administered by the Nomination and Remuneration Committee (NRC)
  • The grant of options is based on eligibility criteria as determined by the NRC
  • Eligible employees will be granted Employee Stock Options which can be exercised upon vesting subject to the terms and conditions of the Scheme

Other Information:

  • Options Exercised: Not Applicable (as of this disclosure)
  • Money Realized by Exercise: Not Applicable
  • Options Lapsed: Not Applicable
  • Variation in Terms: Not Applicable
  • Subsequent Changes/Cancellation/Exercise: Not Applicable
  • Diluted EPS Impact: Not Applicable

The disclosure references SEBI Circular No. HO/49/14/14(7)2025 - CFD - POD2/I/3762/2026 dated January 30, 2026 and SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The information will be made available on the company's website at www.indigopaints.com/investors.

The letter is signed by Sayalee Anil Yengul, Company Secretary & Compliance Officer (Membership No. A37267), on behalf of Indigo Paints Limited.