Pursuant to the exercise of vested options under the Solara Employee Stock Option Plan 2018, the Board of Directors approved the allotment of 8,300 equity shares of face value ₹10 each, fully paid up. The approval was granted on Friday, October 16, 2026.

The equity shares allotted rank pari-passu with the existing equity shares of the company in all respects. The ISIN for the shares is INE624Z01016.

The exercise price per share was ₹375. The premium per share was ₹365. The total money realized by the exercise of options was ₹31,12,500.

Change in Paid-Up Share Capital:

Consequent to the allotment, the paid-up share capital of the company increased.

Paid-up capital before ESOP allotment:

  • Total Paid-up Capital: ₹48,16,16,569.00
  • Total Number of Shares: 4,82,50,512

Breakdown of capital before allotment:

| Type | No. of Shares | Paid-up Value (₹) | Amount (₹) |

| Equity Shares - Fully Paid | 4,80,81,817 | 10 | 48,08,18,170.00 |

| Equity Shares - Partly Paid | 1,09,276 | 3.5 | 3,82,466.00 |

Paid-up capital post ESOP allotment:

  • Total Paid-up Capital: ₹48,16,99,569.00
  • Total Number of Shares: 4,82,58,812

Breakdown of capital after allotment:

| Sl. No. | Type | No. of Shares | Paid-up Value (₹) | Amount (₹) |

| 1 | Equity Shares - Fully Paid | 4,80,90,117 | 10 | 48,09,01,170.00 |

| 2 | Equity Shares - Partly Paid | 59,419 | 7 | 4,15,933.00 |

| 3 | Equity Shares - Partly Paid | 1,09,276 | 3.5 | 3,82,466.00 |

ESOP Plan and Compliance Details:

The allotment was made under the Solara Employee Stock Option Plan, 2018 and is in compliance with:

  • Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
  • Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The scheme was originally filed with the stock exchanges on November 16, 2018, under reference numbers NSE/LIST/19224 and BSE: DCS/IPO/JR/ESOP-IP/3352/2018-19.

Additional Details from Annexures:

Annexure-A (Disclosure under SEBI SBEB & SE Regulations):

  • The shares were issued on two dates: 6,050 shares on June 28, 2024, and 2,250 shares on July 22, 2024.
  • The distinctive numbers of the allotted shares range from 4,82,50,513 to 4,82,58,812.
  • There is no lock-in period applicable to these shares.

Annexure-B (Disclosure under SEBI LODR Regulations):

  • A total of 8,300 options vested and were exercised.
  • The options must be exercised within 120 days from their vesting date.
  • No options lapsed, and there were no variations or cancellations of terms.
  • The diluted earnings per share (EPS) pursuant to this issue is ₹6.16.

Additional Announcements:

The filing is a standalone regulatory disclosure for the ESOP allotment and does not contain any other corporate announcements.