Date: July 20, 2026

ESOP Exercise Details

Shalby Limited has intimated the exercise of employee stock options under its Shalby Limited Employees Stock Options Scheme – 2021. Eligible employees exercised 6,000 options on July 20, 2026. The Shalby Limited Employee Welfare Trust is in the process of transferring an equivalent number of equity shares (face value ₹10 each) to the option grantees.

Capital Structure Impact

Pursuant to this exercise of options, there will be no change in the paid-up equity share capital of the Company, as the shares are being channelized from the secondary market rather than through new issuance.

Scheme Details from Annexure-A

Options Grant Details:

  • Total options granted: 85,500 on July 12, 2024 to eligible employees
  • Scheme complies with SEBI (SBEB & SE) Regulations, 2021
  • Total shares covered: 85,500 equity shares of face value ₹10 each
  • Exercise price: ₹100 per option, as decided by the NRC Committee

Vesting and Exercise Timeline:

  • Options vested: 33,000 on July 12, 2026
  • Exercise window: 1 year from vesting date (on or before July 11, 2027)
  • Options exercised: 6,000 on July 20, 2026 out of 33,000 vested options

Financial Details:

  • Money realized from exercise: ₹6,00,000 (6,000 shares × ₹100 per share)
  • Amount realized by: Shalby Limited Employees Welfare Trust
  • Total shares arising from exercise: 6,000 equity shares of face value ₹10 each

Option Status:

  • Options lapsed: 52,500 out of 85,500 options granted
  • Variation in terms: Not Applicable
  • Subsequent changes: Not Applicable

Earnings Impact:

  • Diluted earnings per share: ₹3.23 (based on consolidated financials for year ended March 31, 2026)

Scheme Mechanics

The granted options, once vested, entitle the option holder to acquire an equal number of equity shares upon payment of the exercise price and applicable taxes. Options vest after completion of 2 years from the date of grant. All vested options must be exercised in a single tranche within 1 year from the vesting date. Upon exercise, the Shalby Limited Employees Welfare Trust transfers the requisite number of equity shares to the option grantee.