Elgi Equipments Ltd. — Share Issue/Capital Change 2024

Aug 12, 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 Amended 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 Nomination & Remuneration Committee of the Company vide Circular Resolution today, has approved the grant of 6,600 stock options to the eligible employees of the Company 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 No. 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 faithfully,

For ELGI EQUIPMENTS LIMITED

DEVIKA Digitally signed by DEVIKA SATHYANAR SATHYANARAYANA Date: 2024.08.12 AYANA 11:57:41 +05'30'

DEVIKA SATHYANARAYANA COMPANY SECRETARY & COMPLIANCE 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

Brief details of options granted	6,600 stock options granted to the eligibleemployeeof theCompanyanditssubsidiaries. Each option upon exercisewould be entitled for allotment of oneequity share of Re. 1/- each of the Company
Whether the scheme is in terms of SEBI(SBEB & SE) Regulations, 2021	Yes
Total number of shares covered by theseoptions	6,600equity shares of Re.1/- each (eachstock option is convertible into 1 equityshare of face value of Re.1/- each)
Pricing formula/Exercise Price	Rs. 592.10 per option per share uponexercise of stock option
Options vested/vesting schedule	Options granted shall have a Vesting periodof not more than three years from the dateof Grant and all Options granted shall Vestas per the Vesting schedule specified in theGrant Letter.
Time within which options may be exercised	Options shall be exercised within threemonths from the date of vesting
Options exercised	Not Applicable
Money realized by exercise of options
The total number of shares arising as aresult of exercise of option
Options lapsed
Variation of terms of options
Brief details of significant terms
Subsequent changes or cancellation orexercise of such options
Diluted earnings per share pursuant to issueof equity shares on exercise of option

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