Scrip Symbol

MILKYMIST

The Board meeting commenced at 3:40 PM and concluded at 4:30 PM on August 31, 2026.

The approved proposals, based on the recommendation of the Nomination and Remuneration Committee (NRC), are:

  • Modification of the vesting schedule for Employee Stock Options granted on July 18, 2025
  • Ratification of the Milky Mist Dairy Food Employee Stock Option Scheme 2025 ("ESOP 2025")

Detailed ESOP 2025 Scheme Disclosure (Annexure-I)

1. Name of the Plan: Milky Mist Dairy Food Employee Stock Option Scheme 2025 ("ESOP 2025")

2. Brief details of options granted: 16,64,836 Employee Stock Options exercisable into Equity Shares of face value ₹2 each.

The scheme is implemented through a direct route to extend benefits to eligible employees of the Company, including employees and directors of the Company and its subsidiary companies, both in India and outside India, via fresh allotment from the Company.

3. SEBI Compliance: The plan is in terms of SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.

4. Total shares covered: 16,64,836 Employee Stock Options exercisable into Equity Shares of face value ₹2 each.

5. Pricing Formula: To be determined by the Nomination and Remuneration Committee (NRC).

6. Options Vested: 3,29,576 options have vested as of the disclosure date.

7. Exercise Period: The time within which options may be exercised will be determined by the NRC and intimated to employees/grantees in their respective grant letters.

8. Options Exercised: NIL options have been exercised to date.

9. Money Realized: NIL money has been realized through exercise of options.

10. Shares Issued: NIL shares have been issued as a result of exercise of options.

11. Options Lapsed: 48,174 options have lapsed.

12. Variation in Terms: Not applicable as per the disclosure.

13. Significant Terms:

  • ESOP 2025 is administered by the NRC of the Board.
  • Implementation is through direct route for eligible employees of the Company and its subsidiaries (India and overseas) via fresh allotment.
  • Grant of options is based on eligibility criteria determined by the Committee.
  • Vesting is based on the grant date.

14. Subsequent Changes: Not applicable as per the disclosure.

15. Diluted EPS Impact: Not applicable as per the disclosure.

The disclosure is made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and is available on the company website at https://www.milkymist.com/.

The intimation is signed by PRAKASH SIVASAMY, Company Secretary and Compliance Officer (Membership No: A22495) on August 31, 2026, at 17:30:17 +05:30.