Time Technoplast Grants 17.55 Lakh ESOPs

Date: September 25, 2026

Compensation Committee meeting held on September 25, 2026 approved grant of 17,55,000 stock options (representing 0.35% of paid-up capital)
Exercise price set at ₹151 per option
Options granted under 'Time Technoplast Limited - Employees Stock Option Plan 2017' (TTL-ESOP 2017)
Eligible employees include employees of Company, Subsidiary Companies, Step-down Subsidiary Companies, Associate Companies, Joint Venture Company, and Group Companies (India and overseas)
Excludes Promoters/Promoter Directors and Independent Directors

Total options granted: 17,55,000 (Seventeen Lakhs Fifty-Five Thousand)
Each option carries right to apply for and be allotted 1 equity share of face value ₹1 each
Vesting period: 1 year from date of grant (Vesting date: September 24, 2027)
Exercise period: Within 2 years from date of vesting
Options can be exercised wholly or partly during exercise window

ESOP 2017 Scheme originally approved by shareholders on September 29, 2017 under SEBI (Share Based Employee Benefits) Regulations, 2014
Scheme amended on August 12, 2024 to align with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Amendment approved by shareholders at AGM held on September 27, 2024
This is the second grant under ESOP 2017 Scheme
First grant in 2017 resulted in allotment of 7,82,316 Equity Shares on November 22, 2023
Total options available under Scheme: 45,00,000
Options remaining available for grant after this allocation: 37,17,684

Grant approved based on employees' performance, age, experience, length of service, seniority, and contribution to company growth
Aims to reward employees with long-standing association and consistent hard work
Intended to retain competent talent and motivate continued contribution to growth