Elgi Equipments Ltd. — Capital/Financing Update 2023

Aug 28, 2023

August 28, 2023

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National Stock Exchange of lndia Ltd. BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers C-1, Block G Bandra Kurla Complex Dalal Street Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Through : NEAPS Through : BSE Listing Centre

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001

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 today, has approved the grant of 1,75,900 stock options to the eligible employees of the Company and its subsidiaries under the Elgi Equipments Limited Employees Stock Option Plan, 2019.

We are enclosing herewith the details as prescribed under SEBI Listing Regulations read with SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, as Annexure A.

This intimation is being made available on the Company's website at www.elgi.com.

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: 2023.08.28 Y 20:31:52 +05'30' S Prakash Company Secretary

Encl.: a/a

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Details of the grant of options under the provisions of Elgi Equipments Limited Employees Stock Option Plan, 2019:

Brief details of options granted	175,900 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	175,900 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.430/- per option per share upon exercise of stock option
Options vested/vesting schedule	Options granted shall have a Vesting period of not more than three years from the date of Grant and all Options granted shall Vest as per the Vesting schedule specified in the Grant Letter.
Time within which options may be exercised	Options shall be exercised within three months from the date of vesting.
Options exercised	Not Applicable
Moneyrealized byexercise of options
The total number of shares arising as a result of exercise of option
Options lapsed
Variation of terms of options
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

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