Shalby Grants 4,000 ESOPs Under 2021 Scheme

Date: May 27, 2026

The Nomination and Remuneration Committee of Shalby Limited approved the grant of 4,000 Stock Options (ESOP) under the Shalby Limited Employees Stock Options Scheme – 2021 to an eligible employee.
The grant is made from the pool of lapsed options.
The effective grant date is May 27, 2026.

Number of Options Granted: 4,000 options, each convertible into one Equity Share of face value ₹10.
Total Shares Covered: 4,000 Equity Shares.
Exercise Price: ₹100 per option.
Source of Shares: Existing shares channelized from the secondary market. The company's share capital will not increase.
Vesting Period: The granted options shall vest after completion of 2 (Two) years from the date of grant.
Exercise Period: All vested options must be exercised wholly (not in part) within a period of 1 (One) year from the date of vesting.
Pricing Formula: The exercise price was determined by the Committee. The Scheme allows the price to be based on the Trust's average purchase price (for secondary acquisitions) or market price (for fresh allotments), with Committee discretion to provide a discount or charge a premium.

The Scheme is administered by the Nomination and Remuneration Committee.
The grant is based on eligibility criteria mentioned in the Scheme and is subject to modification based on individual performance, targets achieved, and functional performance.
The Scheme is in terms of SEBI (SBEB & SE) Regulations, 2021.
Upon exercise, the requisite number of Equity Shares shall be transferred to the employee who has exercised the options, after payment of the exercise price and applicable taxes.
The grant is subject to the employee's continued employment (not serving notice period at the time of vesting).

The following details were marked as 'Not Applicable' as the outcome pertains solely to the grant of options: