CMS Info Systems Limited — Capital/Financing Update 2023

Jun 3, 2023

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CMSINFO/2306/001

June 3, 2023

To, BSE Limited National Stock Exchange of India Limited Listing Department, Exchange Plaza, C-1, Block-G, 1[st] Floor, PJ Towers, Dalal Street, Bandra Kurla Complex, Bandra (East), Fort, Mumbai – 400 001 Mumbai – 400 051

Scrip Code: 543441

Symbol: CMSINFO

Dear Sir/Madam,

Sub: Intimation for Grant of Stock Options under "CMS Employees Stock Option Plan 2023"

We wish to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and subject to the provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (hereinafter referred to as SEBI Regulations), the Nomination & Remuneration Committee of the Company vide circular resolution dated June 2, 2023, has approved on June 2, 2023 grant of 60,50,000 Stock Options (the “Options”) to an identified employee(s) of the Company under the CMS Employees Stock Option Plan 2023 (“CMS INFO ESOP 2023”). The requisite details as required are attached herewith as Annexure I.

The intimation is also being uploaded on the Company's website at www.cms.com.

You are requested to kindly take the same on record.

Thanking You.

For CMS Info Systems Limited

PRAVEE Digitally signed by PRAVEEN SONI Date: 2023.06.03 N SONI 17:00:56 +05'30'

CS Praveen Soni

Company Secretary & Compliance Officer (Membership No. FCS 6495)

Encl: a/a

CMS Info Systems Limited |CIN: L45200MH2008PLC180479 | www.cms.com | E: contact@cms.com

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Annexure I

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

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Sr. Particulars Details
No.
1 Brief details of options 60,50,000 Options granted to an identified employee(s) under
granted the CMS Employees Stock Option Plan 2023 (“CMS INFO ESOP
2023”).
2 Whether the scheme is in Yes
terms of SEBI (Share Based
Employee Benefits and Sweat
Equity Regulations, 2021 (if
applicable)
3 Total number of shares 60,50,000 Equity Shares
covered by these options;
4 Pricing formula The said Options are being granted at Rs. 296.85 (Two Hundred
Ninety Six rupees and Eighty Five paise) calculated based on
Weighted Average Price of last three months trading price.
5 Vesting period
Dates of Options to vest Time based Performance
Vesting Vesting Based
Vesting
12 months 25 % of Options 12.5 % [(1)] 12.5 % [(1)]
from the granted [(1) ]
date of grant
21 months 25 % of Options 12.5 % [(1)] 12.5 % [(1)]
from the granted [(1)]
date of grant
33 months 25 % of Options 12.5 % [(1)] 12.5 % [(1)]
from the granted [(1)]
date of grant
45 months 25 % of Options 12.5 % [(1)] 12.5 % [(1)]
from the granted [(1)]
date of grant
(1) %age of the Total Option granted as stated in Grant Letter
6 Time within which option may As per CMS INFO ESOP 2023, vested options can be exercised
be exercised within three (3) years from the respective vesting date.
7 Options exercised Not Applicable
8 Money realized by exercise of Not Applicable
options
9 The total number of shares Not Applicable
arising as a result of exercise
of option;
10 Options lapsed Not Applicable
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CMS Info Systems Limited |CIN: L45200MH2008PLC180479 | www.cms.com | E: contact@cms.com

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11 Variation of terms of options Not Applicable
12 Brief details of significant
Terms  The CMS INFO ESOP 2023 also provides for the manner
in which Options would be dealt with in case of death,
permanent incapacity, resignation, termination,
retirement, abandonment etc.
 The equity shares allotted, pursuant to the exercise of
the stock options, would be pari-passu to the existing
Equity shares in all respects and would not be subject
to lock-in.
13 Subsequent changes or Not Applicable
cancellation or exercise of
such options
14 diluted earnings per share Not Applicable
pursuant to issue of equity
shares on exercise of option
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For CMS Info Systems Limited

PRAVEE Digitally signed by PRAVEEN SONI Date: 2023.06.03 N SONI 17:02:51 +05'30'

CS Praveen Soni Company Secretary & Compliance Officer (Membership No. FCS 6495)

CMS Info Systems Limited |CIN: L45200MH2008PLC180479 | www.cms.com | E: contact@cms.com