Cera Sanitaryware Ltd. — Capital/Financing Update 2024

Jun 4, 2024

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CSL/2024-25/101 4[th] June, 2024

To, BSE Limited Corporate Relationship Department 1stFloor, New Trading Ring Rotunda Building, P J Towers Dalal Street, Fort, Mumbai – 400001. Scrip Code :532443 ScripID: CERA	To, National Stock Exchange of India Limited Exchange Plaza Bandra Kurla Complex Bandra (East) Mumbai – 400051. ScripCode: CERA

Dear Sir/Madam,

Sub: Grant of Stock Options under the Cera Sanitaryware - Employee Stock Option Scheme 2024’ (“ESOS 2024” or “Scheme”)

In terms of provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that Nomination & Remuneration Committee of the Board Directors of the Company by way of circular resolution has approved the grant of 14,950 Options pursuant to the Cera Sanitaryware - Employee Stock Option Scheme 2024 today i.e. on 4[th] June, 2024 at 7:35 p.m., details of the same are mentioned below:

Sr. No.	Particulars	Details
1	Name of Scheme	Cera Sanitaryware - Employee Stock Option Scheme 2024’ (“ESOS 2024” or “Scheme”)
2	Brief details of options granted	14,950 (Fourteen Thousand Nine Hundred Fifty) Options granted to the eligible employees of the Company.
3	Whether the scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (if applicable)	Yes
4	Total number of shares covered by these options	14,950 (Fourteen Thousand Nine Hundred Fifty) Equity Shares of face value of Rs. 5/- each of the Company
5	Pricing formula	The exercise price per such Option shall be the face value of the Shares of the Company.
6	Option Vested	Not applicable at this stage
7	Time within which option may be exercised	The exercise period for vested Options shall be a maximum of 5 (Five) years commencing from the relevant date of vestingof Options

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8	Option exercised	Not applicable at this stage.
9	Money realized by Exercise of options
10	The total number of shares arising as a result of exercise of option
11	Option lapsed
12	Variation of terms of options
13	Brief details of significant terms	The grant of Options is based upon the eligibility criteria as mentioned in the Scheme. Upon a valid exercise of a vested option by a participant, each vested option will entitle the eligible employee to 1 (one) fully paid up equity share of the Company. There shall be minimum Vesting Period of 1 (One) year and not later than maximum Vesting Period of 5 (Five) years from the Grant Date. Every grant of options shall be governed by a vesting schedule, Performance condition as per KPI and such other terms, and detailed in the letter of grant issued to the eligible employee(s) at the time of each grant. Vesting Schedule: 1. On 1stanniversary from the date of grant: 10% of Options granted 2. On 2ndanniversary from the date of grant: 15% of Options granted 3. On 3rdanniversary from the date of grant: 15% of Options granted 4. On 4thanniversary from the date of grant: 30% of Options granted 5. On 5thanniversary from the date of grant: 30% of Options granted

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14	Subsequent changes or cancellation or exercise of such options;	Not applicable at this stage.
15	Diluted earning per shares pursuant to issue of equity shares on exercise of options.

Kindly take the same on your records.

Thanking you,

For Cera Sanitaryware Limited.

HEMAL JANARDAN Digitally signed by HEMAL JANARDAN SADIWALA DN: c=IN, o=Personal, title=1769, pseudonym=1330138917160425167M7u3VjyWA1Zui, 2.5.4.20=6b4ec8e524e33f51a85e90684a283fb7298733d00b4cadaec4b37a8a54114225, postalCode=380008, st=Gujarat, serialNumber=f2fe036f7fce318ced974ed8837dfa1e1c2da169e5861098ce6b05679d5c9f6e, cn=HEMAL JANARDAN SADIWALA Date: 2024.06.04 19:38:40 +05'30'

SADIWALA

Hemal Sadiwala Company Secretary

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