Shyam Metalics 57,900 ESOP Options Exercised

Date: September 28, 2026

ESOP Exercise Details

Key Details:

• Total Options Granted: 216,000 options granted to 5 eligible employees
• Options Vested: 57,900 options vested effective September 27, 2026
• Options Exercised: 57,900 options exercised on September 27, 2026
• Exercise Price: ₹221 per share (50% discount to market price on September 27, 2023)
• Money Realized: ₹1,27,95,900 (One Crore Twenty Seven Lakh Ninety Five Thousand Nine Hundred)
• Shares Arising: 57,900 equity shares of face value ₹10 each (1 option = 1 share)
• Options Lapsed: Nil
• Variation in Terms: No variation

Vesting Schedule:

• 40% of total eligible options vest on first anniversary of grant date
• 30% of total eligible options vest on second anniversary of grant date
• 30% of total eligible options vest on third anniversary of grant date

Scheme Details:

• The ESOP Scheme is administered via an ESOP Trust which purchases shares from the secondary market
• Grant of options is based on eligibility criteria determined by the NRC Committee
• Equity shares allotted pursuant to exercise are not subject to lock-in
• Options may be exercised within 6 months from commencement of vesting period

Not Specified Sections

No material disclosures under the following sections: KMP/Board/Auditor Changes, Dividend Declaration, Board Meeting Outcomes, Financial Results, Auditor's Report, Disinvestment/Strategic Actions, Media Release/Investor Communication, Other Operational/Legal/Strategic Disclosures.