Key Event

The Compensation Committee of Orient Bell Ltd, in a meeting held on Thursday, 06/08/2026, superseded its previous decision dated 04/08/2026 regarding the grant of 68,000 ESOPs. The committee approved a revised grant of 73,000 Employee Stock Options (ESOPs) instead of the previously announced 68,000 ESOPs.

ESOP Grant Details

  • Total number of shares covered: 73,000 Equity Shares
  • Conversion terms: Each Stock Option is convertible into 1 Equity Share of face value ₹10 each
  • Exercise Price: ₹10 per share (at face value)
  • Pricing terms: Subject to change as per law as may be applicable from time to time
  • Scheme compliance: The grant is in terms of SEBI (SBEB and SE) Regulations, 2021

Vesting and Exercise Terms

  • Vesting period: Options will vest subject to completion of at least one year from the date of grant, with a maximum vesting period of 5 years
  • Vesting determination: To be decided by the Compensation Committee
  • Exercise timing: Not specified in the disclosure
  • Money realized by exercise: Not applicable at this time
  • Shares arising from exercise: Not applicable at this time
  • Options lapsed: Not applicable
  • Variation of terms: Nil

Significant Terms and Conditions

The grant of options is based on employment terms/eligibility criteria as decided by the Compensation Committee.

The exercise price for options will be determined by the Committee based on market price, defined as the latest available closing price on a recognized stock exchange on the date immediately prior to the relevant date. For companies listed on multiple exchanges, the closing price on the stock exchange having higher trading volume shall be considered.

The Compensation Committee retains the authority to provide suitable discount or charge premium and to re-price the grants. However, the Exercise price shall not go below the par value/face value of Equity shares of the company, which is ₹10 per share.

Financial Impact

  • Diluted earnings per share: ₹5.71 per share as on 30.06.2026 (Standalone Unaudited Financial Results)
  • Financial statement status: Reviewed by the auditors

Subsequent Changes

No subsequent changes, cancellation, or exercise of these options has occurred as of the disclosure date.

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