Elgi Equipments Ltd. — Capital/Financing Update 2022

Sep 26, 2022

September 26, 2022

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National Stock Exchange of lndia Ltd. Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E) Mumbai - 400 051

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001

Through : Digital Exchange

Through : BSE Listing Centre

Dear Sir/Madam,

Subject: Grant of stock options under Elgi Equipments Limited Employees Stock Option Plan, 2019 NSE Scrip Code: ELGIEQUIP / BSE Scrip Code: 522074

In terms of provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Compensation Committee of the Board of Directors of the Company vide circular resolutions has approved the grant of 152,600 stock options under the Elgi Equipments Limited Employees Stock Option Plan, 2019.

The details required under SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015, is given below:

Brief details of options granted	152,600 stock options granted to the eligible employees of the Company and its Subsidiaries. Each option upon exercise would be entitled for allotment of one equity share of Re. 1/- each of the Company.
Whether the scheme is in terms of SEBI (SBEB) Regulations, 2014	Yes
Total number of shares covered by these options	152,600 equity shares of Re.1/- each (each stock option is convertible into 1 equity share of face value of Re.1/- each)
Pricing formula/Exercise Price	Rs.450/- per share per option upon exercise of stock option
Options vested/vesting schedule	Three years from the date of grant
Time within which options may be exercised	Options may be exercised after three years of grant

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Options exercised Money realized by exercise of options The total number of shares arising as a result of exercise of option Options lapsed Variation of terms of options Not Applicable Brief details of significant terms Subsequent changes or cancellation or exercise of such options Diluted earnings per share pursuant to issue of equity shares on exercise of options

We request you to kindly take the above information on record.

Thanking you, Yours truly,

For Elgi Equipments Limited

PRAKASH Digitally signed by PRAKASH SIVASAM SIVASAMY Date: 2022.09.26 Y 15:39:08 +05'30'

S Prakash Company Secretary

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