Shyam Metalics ESOP Vesting 233,000 Options

Date: 27th September, 2026

Total options granted: 17,000 options to 1 eligible employee
Equity shares covered: 17,000 equity shares of face value ₹10 each
Exercise price: ₹331 per share (25% discount to market price)
Reference market price: Based on NSE closing price on September 26, 2023
Vesting schedule: 20% on first anniversary, 23% on second anniversary, 23% on third anniversary, 34% on fourth anniversary
Options vested: 3,910 options with effect from September 27, 2026
Exercise period: Maximum 1 year from respective vesting date

Total options granted: 216,000 options to 5 eligible employees
Equity shares covered: 216,000 equity shares of face value ₹10 each
Exercise price: ₹221 per share (50% discount to market price)
Reference market price: Based on NSE closing price on September 26, 2023
Vesting schedule: 40% on first anniversary, 30% on second anniversary, 30% on third anniversary
Options vested: 57,900 options with effect from September 27, 2026
Exercise period: 6 months from respective vesting date

Both schemes administered via ESOP Trust which purchases shares from secondary market
Grant of options based on eligibility criteria determined by NRC Committee
Options once vested entitle holder to acquire equal number of equity shares
Equity shares allotted pursuant to exercise are not subject to lock-in
Total options vested across both schemes: 61,810 options