Borosil Limited — Capital/Financing Update 2021

May 27, 2021

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May 27, 2021

The DCS - CRD BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza, C-1, Block G, 1[st] Floor, New Trading Ring, Bandra Kurla Complex, Rotunda Building, P. J. Towers, Bandra (East), Mumbai – 400 051 Dalal Street, Mumbai – 400 001

Dear Sir/ Madam,

Subject: Grant of 4,62,000 Stock Options under the “Borosil Limited Employee Stock Option Scheme 2020” (‘New ESOS 2020) - Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Scrip Code: 543212 Symbol: BOROLTD Series: EQ ISIN: INE02PY01013

We wish to inform that, the Nomination and Remuneration Committee of the Board of Directors of the Company, at its meeting held today i.e. May 27, 2021, has granted 4,62,000 Stock Options to the 25 (Twenty Five) Eligible Employees of the Company and its Subsidiary Company under the “Borosil Limited Employee Stock Option Scheme 2020” (‘New ESOS 2020). Each of the Stock Option entitles the holder to apply for One Equity Share of the Company of face value of Re.1/- each.

Please find enclosed herewith, disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

This is for your information & records.

Yours faithfully,

For Borosil Limited

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Manoj Dere Company Secretary & Compliance Officer Membership No. FCS 7652

Encl: as above

Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sr. No.	Particulars		Remark	Remark
1	Brief details of options granted		4,62,000 Options were granted to 25 (Twenty Five) Eligible Employees of the Company and its Subsidiary Company, under the “Borosil Limited Employee Stock Option Scheme 2020” (New ESOS 2020)
2	Whether the scheme is in terms of SEBI (SBES) Regulations, 2014 (if applicable)		Yes
3	Total number of shares covered by these options		4,62,000 equity Shares
4	Pricing formula		10% discount to Market Price i.e. Rs. 221/- per options, being the closing market price of the Company’s equity share on the National Stock Exchange of India Limited, where the traded volume in the Company’s shares was higher on May 26, 2021 i.e. the date previous to the date of the Committee Meeting.
5	Options vested		Nil
6	Time within which option may be exercised		Exercise period shall be 5 years from the date of vesting of options.
7	Options exercised		Nil
8	Money realized by exercise of options		Nil
9	the total number of shares arising as a result of exercise of option		Nil
10	options lapsed		Nil
11	variation of terms of options		-
12	brief details of significant terms		i) All the options granted today shall vest within maximum of 3 (three) years from the date of grant of options. Vesting schedule: Date of vesting Vesting percentage 1stAnniversary from date of grant 33% of ESOS granted 2ndAnniversary from date of grant 33% of ESOS granted
			Date of vesting	Vesting percentage
			1stAnniversary from date of grant	33% of ESOS granted
			2ndAnniversary from date of grant	33% of ESOS granted

			3rdAnniversary from date of grant	34% of ESOS granted
13	subsequent changes or cancellation or exercise of such options		Nil
14	diluted earnings per share pursuant to issue of equity shares on exercise of options		Options are yet to be exercised.
15	Conversion ratio		Each Option shall carry the right to be issued One Equity Share of Re 1/- each of the Company

This is for your information & records.

Yours faithfully,

For Borosil Limited

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Manoj Dere Company Secretary & Compliance Officer Membership No. FCS 7652