ESOP Grant Details (Under ESOP Scheme II 2018):

  • Total Options Granted: 20,000
  • Each option entitles the holder to one equity share of face value INR 10 each
  • Exercise Price: INR 993 per share
  • Pricing Formula: Market price as defined in SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
  • Vesting Schedule:
  • After 1 year: 20% of options granted
  • After 2 years: 20% of options granted
  • After 3 years: 30% of options granted
  • After 4 years: 30% of options granted
  • Exercise Period: Vested options are exercisable within 3 years from respective vesting dates
  • Scheme Purpose: To attract, reward and retain talented employees and align individual performance with company objectives

RSU Grant Details (Under Restricted Stock Unit Scheme 2022):

  • Total RSUs Granted: 4,000
  • Each RSU represents one equity share of face value INR 10 each
  • Exercise Price: INR 10 per share
  • Compliance: Granted as per SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
  • Vesting Schedule:
  • After 1 year: 20% of RSUs granted
  • After 2 years: 20% of RSUs granted
  • After 3 years: 30% of RSUs granted
  • After 4 years: 30% of RSUs granted
  • Exercise Period: 1 year from respective dates of vesting
  • Scheme Purpose: RSUs vest based on satisfaction of vesting conditions combining company and individual performance

Additional Information:

  • Approval Date: June 04, 2026
  • Approving Authority: Nomination and Remuneration Committee of the Company
  • The requirements under sub-clauses (g) to (k), (m) & (n) of Clause 10 of Part B of Annexure 1 of the SEBI Circular are not applicable
  • The shares allotted will rank pari-passu with existing equity shares

Compliance Officer: Veena G Kamath, Company Secretary