Elgi Equipments Ltd. — Capital/Financing Update 2024

May 27, 2024

May 27, 2024

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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: NEAPS

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 Company at their meeting held today, has approved the grant of 3,39,600 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.

The Compensation Committee meeting concluded at 11.33 AM.

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 faithfully,

For ELGI EQUIPMENTS LIMITED

INDRANI Digitally signed by INDRANIL SEN L SEN Date: 2024.05.27 11:36:53 +05'30'

INDRANIL SEN

CHIEF FINANCIAL OFFICER Encl.: a/a

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Annexure A

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

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Brief details of options granted 3,39,600 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 Yes
(SBEB) Regulations, 2014
Total number of shares covered by these 3,39,600 equity shares of Re.1/- each (each
options stock option is convertible into 1 equity
share of face value of Re.1/- each)
Pricing formula/Exercise Price Rs. 592.10/- 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
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 option
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