Elgi Equipments Ltd. — Capital/Financing Update 2025

Nov 12, 2025

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November 12, 2025

Na�onal Stock Exchange of India Limited (NSE) Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E), Mumbai - 400 051 NSE Symbol: ELGIEQUIP

BSE Limited (BSE) Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001 BSE Scrip Code: 522074

Dear Madam/ Sir,

Subject: Grant of stock op�ons under ELGi Equipments Limited Employees Stock Op�on Plan, 2019

Pursuant to Regula�on 30 of the SEBI (Lis�ng Obliga�ons and Disclosure Requirements) Regula�ons, 2015 (“Lis�ng Regula�ons”) and SEBI Master Circular No. SEBI/HO/CFD/PoD2/ CIR/P/0155 dated November 11, 2024, as amended from �me to �me (“SEBI Master Circular”), we hereby inform you that the Nomina�on and Remunera�on Commi�ee of the Company at its mee�ng held today, i.e. November 12, 2025, inter-alia considered and approved the grant of 16,100 stock op�ons to the eligible employee of the Company’s subsidiary under the ELGi Equipments Limited Employees Stock Op�on Plan, 2019.

Details as required in accordance with Regula�on 30 of Lis�ng Regula�ons read with SEBI Master Circular are given in the enclosed Annexure.

The Nomina�on and Remunera�on Commi�ee mee�ng commenced at 01:00 PM and concluded at 02:35 PM.

The above is for your informa�on and record. This informa�on is also being hosted on the website of the Company.

Thanking you,

Yours faithfully

FOR ELGI EQUIPMENTS LIMITED

ROHIT Digitally signed by ROHIT JAGANNATH JAGANNATH GUPTE Date: 2025.11.12 GUPTE 14:47:48 +05'30'

ROHIT GUPTE

COMPANY SECRETARY AND COMPLIANCE OFFICER MEMBERSHIP NO.: A12422

Encl.: as above

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Details as required in accordance with the SEBI (Lis�ng Obliga�ons and Disclosure Requirements) Regula�ons, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11[th] November 2024, as amended:

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Sr. No. Par�culars Details
a) Brief details of op�ons granted 16,100 stock op�ons granted to the eligible employee of
the Company’s subsidiary. Each op�on upon exercise
would be en�tled the op�on holder for one equity share
of Re. 1/- each of the Company
b) Whether the scheme is in terms of SEBI Yes
(SBEB) Regula�ons, 2021 (if applicable)
c) Total number of shares covered by these 16,100 equity shares of Re.1/- each (each stock op�on is
op�ons conver�ble into 1 equity share of face value of Re.1/-
each)
d) Pricing formula As per Ar�cle 10.4 of ELGi Equipments Limited
Employees Stock Op�on Plan, 2019 (“Scheme”) Grant
price or exercise price of op�ons would be market price
as on date of grant or such other price as the Nomina�on
and Remunera�on Commi�ee may decide, but not less
than the face value of the share.
Further, as per Ar�cle 4.25 of the Scheme, “Market
Price” means the latest available closing price on a
recognized stock exchange on which the shares of the
Company are listed on the date immediately prior to the
Relevant Date.
Explana�on - If such shares are listed on more than one
stock exchange, then the closing price on the stock
exchange having higher trading volume shall be
considered as the Market Price.
Further, as per Ar�cle 4.35(i) of the Scheme, “Relevant
Date” means, in the case of Grant, the date of the
mee�ng of the Nomina�on and Remunera�on
Commi�ee on which the Grant is made.
Basis the above formula, the exercise price was
determined to be Rs. 478.25/- per Stock Op�on.
e) Op�ons vested Not Applicable, since the said disclosure is being made
for grant of Op�ons.
Further, for the stated grant, the Op�ons shall have a
ves�ng period of not more than three years from the
date of Grant and all Op�ons granted shall vest
as per the ves�ng schedule specified in the Grant Le�er.
f) Time within which op�on may be exercised Op�ons shall be exercised within three months from the
date of ves�ng.
g) Op�ons exercised
h) Money realized by exercise of op�ons
i) The total number of shares arising as a result Not Applicable, since the said disclosure is being made
of exercise of op�on for grant of Op�ons.
j) Op�ons lapsed
k) Varia�on of terms of op�ons
l) Brief details of significant terms The significant terms of the Op�ons granted are as
follow:
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1. Total number of Stock Op�ons granted are 16,100. 2. Each Stock Op�on is conver�ble into 1 equity share of face value of Re.1/- each.

2. The Exercise Price of each Op�ons is Rs. 478.25/-. 4. The ves�ng of Stock Op�ons shall be specific for each Grantee as men�oned in his/her grant le�er. However, the Maximum Ves�ng Period shall be 3 years from the date of grant.

3. The ves�ng shall further be subject to specific ves�ng condi�ons as men�oned in grant le�er of each Grantee.

4. The Exercise Period shall be 3 months from the date of ves�ng.

5. In case of cessa�on of employment, the op�ons shall be treated in the manner as prescribed in the Scheme.

		6. The Exercise Period shall be 3 months from the date of ves�ng. 7. In case of cessa�on of employment, the op�ons shall be treated in the manner as prescribed in the Scheme.
m)	Subsequent changes or cancella�on or exercise of such op�ons	Not Applicable, since the said disclosure is being made for grant of Op�ons.
n)	Diluted earnings per share pursuant to issue of equityshares on exercise of op�ons

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