Nitco Ltd. — Capital/Financing Update 2024

Aug 13, 2024

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NITCO/SE/2024-25/28 August 13, 2024

To,

Corporate Service DepartmentBSE LimitedJeejeebhoy TowersDalal Street,Mumbai – 400 001Script code:532722	The Listing DepartmentNational Stock Exchange of India LimitedExchange Plaza, Bandra Kurla Complex,Bandra (E),Mumbai – 400 051Script code:NITCO

Sub : Grant of Employee Stock Options (ESOPs) under NITCO - Employees Stock Option Plan 2019

Dear Sir/Madam,

Pursuant to Regulation 30 read together with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”), this is to inform the Exchanges that Nomination and Remuneration Committee and the Board of Directors of the Company at their respective meetings held today i.e. August 13, 2024, subject to requisite approvals, has granted 9,88,000 Options (which are lapsed till date) to the eligible employees under Nitco- Employee Stock Option Plan 2019 and as amended from time to time at an exercise price of Rs. 25 each. One option is convertible into one equity share of the Company.

Disclosure of information pursuant to Regulation 30 of Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure I.

Kindly take the above information on your records.

Thanking You,

Yours faithfully, For NITCO Limited

VIVEK Digitally signed by VIVEK PRANNATH PRANNATH TALWAR Date: 2024.08.13 TALWAR 15:24:05 +05'30'

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Vivek Talwar Chairperson & Managing Director DIN: 00043180

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Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in

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Annexure-1

Disclosure of information pursuant to Regulation 30 of Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

**Sr. no. **	Particulars	Disclosures
A.	brief details of options granted	The present instance is for grant of9,88,000optionsunderNitco-Employee Stock Option Plan 2019.
B.	whether the scheme is in terms ofSEBI(ShareBasedEmployeeBenefitsandSweatEquity)Regulations, 2021 (if applicable)	Yes
C.	total number of shares covered bythese options	The present disclosure is in respect ofgrant of 9,88,000 options made onAugust 13, 2024.
D.	pricing formula	The aforesaid Options have beengranted at an exercise price of Rs.25/- per option.
E.	options vested	The Vesting period shall as follow:1. On 1st Anniversary from the date ofGrant- 50% of Options Granted.2. On 2nd Anniversary from the dateof Grant- 50% of Options Granted.
F.	time within which option may beexercised	The Exercise period shall not be morethan 7 years from the date of respectivevesting of options and as mentioned inthe policy.

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Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in