Arshiya Limited — Remuneration Information 2021

Nov 13, 2021

National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5' Floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block, 24 Floor, Dalal Street, Bandra- Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai - 400051.

Re.: - Arshiya Limited ("the Company") - NSE Scrip Name: ARSHIYA BSE Scrip Code: 506074

Dear Sir /Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations'), on recommendation of the Nomination and Remuneration Committee ("NRC") and the Board of Directors ("Board") at their meetings held on 13 November 2021, have considered and approved the grant of 20,00,000 (Twenty Lakhs Only) Employee Stock Options to Mr. Navnit Choudhary, Vice President (Commercial) of the Company, one of the eligible and deserving employee of the Company under the Arshiya Limited Employees Stock Option Scheme 2019.

The brief terms of said Options so granted are as follows: -

S r	P a r t i c u l a r s	D e t a i l s
N o
L	B r i e f d e t a i l s o f o p t i o n s g r a n t e d	a ) T h e B o a r d o n _ r e c o m m e n d a t i o n o f N o m i n a t i o n a n d R e m u n e r a t i o n C o m m i t t e e h a s a p p t h e g r o f 2 r o v e d a n t 0 , 0 0 , 0 0 0 E m p l o y e e S t o c k O p t i o n s t o M r N a v n i t C h o u d h a r y , V i c e P r e s i d e n t ( C o m m e r c o f i a l ) t h e C o m p a n d e l i g i e m p o f t h e a n y b l e l o y e e c o m p a n y
		b ) T h e E S O P s g r a n t e d a b o v e s h a l l v e s t a s u n d e r : ( 1 ) 8 , 0 0 , 0 0 0 s h a r e s ( e i g h t l a k h s ) w i l l b e a v a i l a b l e f r o m 1 2 m o n t h s f r o m t h e d a t e o f g r a n t o f o p t i o n s i e , N o v e m b e r 2 0 2 2 ;

Arshiya Limited

I I	W h e t h e r s c h e m e i s u n d e r t h e S E B I ( S B E B ) R e g u l a t i o n s , 2 0 1 4 ( I f a p p l i c a b l e )	2 6 , 0 0 , 0 0 0 s h a r e s ( s i x l a k h s ) w i l l b e a v a i l a b l e f r o m 2 4 m o n t h s f r o m t h e d a t e o f r g r a n t o f o p t i o n s i e , N o v e m b e 2 0 2 3 ; 3 6 , 0 0 , 0 0 0 s h a r e s ( s i x l a k h s ) w i l l b e a v a i l a b l e f r o m 3 6 m o n t h s f r o m t h e d a t e o f o v e m b e r 2 0 2 4 ; g r a n t o f o p t i o n s i e , N T h e s a i d S c h e m e 2 0 1 9 h a s b e e n f o r m u l a t e d a n d a d o p t e d b y t h e o m p a n y C i n t e r m s o f S e c u r i t i e s a n d E x c h a n g e B o a r d o f I n d i a ( S h a r e B a s e d E m p l o y e e B e n e f i t s ) R e g u l a t i o n s , 2 0 1 4 r e p l a c e d b y S E B I ( S h a r e B a s e d E m p l o y e e B e n e f i t s a n d S w e a t E q u i t y ) R e g u l a t i o n s , 2 0 2 1 d u e t o t h e a m e n d m e n t s i n t h e a p p l i c a b l e l a w s
I l	T o t a l N o o f s h a r e s c o v e r e d b y e s e t h o p t i o n s	O u t o f 2 0 , 0 0 , 0 0 0 E q u i t y S h a r e s , t h e E S O P s s h a l l v e s t a s u n d e r : c ) T h e E S O P s g r a n t e d a b o v e s h a l l v e s t a s u n d e r : > 8 , 0 0 , 0 0 0 s h a r e s ( e i g h t l a k h s ) w i l l b e a v a i l a b l e f r o m 1 2 m o n t h s f r o m t h e d a t e o f g r a n t o f o p t i o n s i e , N o v e m b e r 2 0 2 2 ; > 6 , 0 0 , 0 0 0 s h a r e s ( s i x l a k h s ) w i l l b e a v a i l a b l e f r o m 2 4 m o n t h s f r o m t h e d a t e o f g r a n t o f o p t i o n s i e , N o v e m b e r 2 0 2 3 ; e > 6 , 0 0 , 0 0 0 s h a r e s ( s i x l a k h s ) w i l l b e a v a i l a b l r o m 6 o n t h s r o m h e a t e r a n t f 3 m f t d o f g o f 2 0 2 4 ; o p t i o n s i e , N o v e m b e r
I V	E x e r c i s e p r i c e	R s 2 / - p e r s h a r e
V	V e s t i n g S c h e d u l e / P e r i o d	T h e s a i d o p t i o n s h a l l v e s t , a s u n d e r : d ) 1 ( O n e ) y e a r f r o m t h e G r a n t D a t e - 1 0 0 % E S O g r a n t e d a b o v e s h a l l v e s t a s ( o n e T h e P s u n d e r : > 8 , 0 0 , 0 0 0 s h a r e s ( e i g h t l a k h s ) w i l l b e a v a i l a b l e f r o m 1 2 m o n t h s f r o m t h e d a t e o f 2 0 2 2 ; g r a n t o f o p t i o n s i e , N o v e m b e r > 6 , 0 0 , 0 0 0 s h a r e s ( s i x l a k h s ) w i l l b e a v a i l a b l e f r o m t h e d a t e o f g r a n t o f f r o m 2 4 m o n t h s o p t i o n s i e , N o v e m b e r 2 0 2 3 ; > 6 , 0 0 , 0 0 0 s h a r e s ( s i x l a k h s ) w i l l b e a v a i l a b l e f r o m 3 6 m o n t h s f r o m t h e d a t e o f g r a n t o f

Arshiya Limited

		o p t i o n s f r o m t h e d a t e o f g r a n t o f o p t i o n s i e , N o v e m b e r 2 0 2 4 ;
V I	T i m e w i t h i n w h i c h s u c h o p t i o n s m a y b e E x e r c i s e d	m a y b e a t t h e s o l e T h e v e s t i n g p e r i o d o n n s d i s c r e t i o f N R C a n d v a r i a t i o i n s u c h t e r m s e s o l e d i s c r e t i o n o f & c o n d i t i o n s h a l l b e a t t h N R C T h e E x e r c i s e P e r i o d w i l l c o m m e n c e f r o m t h e d a t e o f V e s t i n g , a n d w i l l e x p i r e n o t l a t e r t h a n 1 y e a r f r o m t h e d a t e o f V e s t i n g o f O p t i o n s o r s u c h o t h e r p e r i o d a s m e n t i o n e d a b o v e i n p o i n t n o V

Kindly take the same on your record and acknowledge.

Thanking you.

Yours faithfully, For ARSHIYA LIMITED

Company Secretary & Compliance Officer Membership No. A29732

Arshiya Limited