Aether Industries Limited — Share Issue/Capital Change 2024

Jul 18, 2024

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July 18, 2024

Ref. No.: AIL/SE/25/2024-25

To,

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001, MH.

Scrip Code: 543534

National Stock Exchange of India Limited

Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai-400051, MH.

Symbol: AETHER

Dear Madam / Sir,

Subject: Intimation for Grant of Stock Options under ‘Aether Industries Limited Employee Stock Option Scheme 2021’

In accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Nomination and Remuneration Committee of the Company on July 18, 2024 has approved the grant of 11,805 Stock Options at Rs. 885/- each, having Face Value of Rs. 10/- each pursuant to ‘Aether Industries Limited Employee Stock Option Scheme 2021’ (herein referred as AIL ESOS 2021) to eligible employee, upon exercise of Options.

Details of the options granted is annexed herewith.

We request you to kindly take the information on your records.

Thank you.

For Aether Industries Limited

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Chitrarth Rajan Parghi

Company Secretary & Compliance Officer Mem. No.: F12563

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Encl.: As attached

CHITRARTH RAJAN PARGHI

Digitally signed by CHITRARTH RAJAN PARGHI Date: 2024.07.18 12:02:52 +05'30'

Aether Industries Limited

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Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: info@aether.co.in || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434 Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.

Annexure

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Details of Stock Options granted under

‘Aether Industries Limited Employee Stock Option Scheme 2021’

1. Brief details of Options granted:

Stock Options granted under Trench-7: 11,805

2. Whether the Scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (if applicable):

Yes

3. Pricing Formula / Exercise Price:

For the Stock Options granted under Trench-7: Rs. 885/-

4. Total Number of Shares covered:

Total 11,805 Stock Options are covered herein.

5. Total Options vested:

Options vested under Trench-7 to 1 Grantee in three trenches of equal Options, as phased out below:

Sl. No.	Date of first vesting and exercise	% of vesting
1.	18.07.2025	33.33% of the options granted
2.	18.07.2026	33.33% of the options granted
3.	18.07.2027	33.34% of the options granted

6. Time within which the Option may be exercised:

Within 2 years from first vesting under this Trench.

Every employee can exercise the Options granted in two years from the date of vesting.

7. Options exercised / Money realized by exercise of Options / Total Number of Shares arising as a result of exercise of Options / Options lapsed / Variation in terms of Options:

None, under this Trench.

Aether Industries Limited

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Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: info@aether.co.in || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434 Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.

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8. Brief details of significant terms:

Terms of the above Grants are finalized by the Nomination & Remuneration Committee in-line with the current Scheme.

9. Subsequent changes / cancellation / exercise of such options:

None.

10. Diluted earning per share pursuant to issue of Equity Shares on exercise of Options:

Above Options are yet to be exercised.

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Aether Industries Limited

Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: info@aether.co.in || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434 Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.