Master Trust Limited Grants 945,200 ESOPs

Master Trust Limited's Nomination & Remuneration Committee approved the grant of 945,200 stock options under its ESOP 2025 plan on 16th May 2025.
The exercise price per option is set at a maximum 20% discount to the market price one day prior to the grant date.
Vesting occurs over 4 years with 25% annual vesting, subject to continued employment and performance conditions.
The equity shares issued upon exercise will not be subject to any lock-in period.