Mangal Electrical ESOP Grant of 200,000 Options

Date: 31.10.2026

ESOP Grant Details

Mangal Electrical Industries Limited has granted 200,000 (Two Lakhs) Employee Stock Options to eligible employees under the MEIL - ESOP 2025 plan. The grant was approved by the Nomination and Remuneration Committee of the Board at its meeting held on 31st October 2026.

Key Terms of ESOP Grant

• Total number of shares covered: 200,000 equity shares with face value of ₹10 each
• Exercise price: ₹240 per option
• Vesting period: Minimum 1 year, maximum 7 years from date of grant
• Exercise period: 3 years from date of respective vesting
• Scheme compliance: In accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
• Shares issued upon exercise will be freely transferable without lock-in restrictions (except as required by applicable laws)

Not Applicable Sections

No material disclosures under the following sections: Dividend Declaration, Financial Results, Board Meeting Outcomes (other than ESOP grant), Auditor's Report, Disinvestment/Strategic Actions, Media Release/Investor Communication, Other Operational/Legal/Strategic Disclosures.