Nitco Ltd. - Share Issue/Capital Change 2025

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NITCO/SE/2025-26/40 October 31, 2025

To,

Corporate Service Department BSE Limited Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Script code:532722	The Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Script code:NITCO

Dear Sir/Madam,

Subject : Allotment of 56,000 Equity Shares of ₹ 10/- each, in lieu of exercise of 56,000 Employee Stock Options (“ESOPs”) granted to the eligible employees of the Company in terms of NITCO - Employees Stock Option Plan 2019 (“Plan”)

ln terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”) read with Schedule III to the Listing Regulations, we wish to inform you that the Board of Directors vide circular resolution dated October 31 , 2025, have considered and approved the allotment of 56,000 Equity Shares of face value of ₹ 10/- each towards the exercise of vested Employee Stock Options under the NITCO - Employee Stock Option Plan 2019 (“Plan”), to the eligible grantees.

Consequent to the aforesaid allotment, issued, subscribed and paid-up equity share capital of the Company stands increased from ₹ 379,06,01,050/- (divided into 22,90,60,105 equity shares of face value of ₹ 10/- each and 15,00,00,000 preference shares of face value of ₹ 10/- each) to ₹ 379,11,61,050 (divided into 22,91,16,105 equity shares of face value of ₹ 10/- each and 15,00,00,000 preference shares of face value of ₹ 10/- each).

The details pursuant to Regulation 30 of the Listing Regulations read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 w.r.t. of the equity shares allotted under NITCO - Employee Stock Option Plan 2019, are given in Annexure-A and Annexure-B, respectively.

Kindly take the above information on your record.

Thanking You,

Yours Sincerely

For NITCO Limited VIVEK Digitally signed by VIVEK PRANNATH PRANNATH TALWAR Vivek Talwar TALWAR Date: 2025.10.31 20:53:38 +05'30' Chairman & Managing Director DIN: 00043180 Encl: As above

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: [email protected] Website: www. nitco.in

Annexure- A

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The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are as under: Sr. No. Particulars Details 1 Brief details of options granted The present instance is for allotment of equity shares upon exercise of 56,000 ESOPs under NITCO -Employee Stock Option Plan, 2019. 2 Whether the scheme is in terms of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ('SBEB & SE Regulations'), if applicable Yes 3 Total number of shares covered by these options The present disclosure is in respect of allotment of 56,000 equity shares of face value of₹10/- each. 4 Pricing formula Not applicable at this stage. 5 Options vested The Options granted under the aforesaid plan shall vest as per the schedule determined by the Nomination and Remuneration Committee, in the manner specified in the grant letter and under scheme. The present instance of allotment of equity shares is 56,000 (Fifty-Six Thousand) options which were granted on April 03, 2019. 6 Time within which option may be exercised The vested options can be exercised at any time from the respective date(s) of vesting, as per the terms of grant. The Exercise period shall not be more than 7 years from the date of respective vesting of options and as mentioned in the plan. In the present instance, the eligible grantee has retired from the services of the Company in the year 2020 and as per the Nitco Employee Stock Option Plan 2019, upon retirement all Vested Options as on date of retirement may be exercised by the Option Grantee within permitted exercise period and allUnvested Options shallvest as per	The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are as under: Sr. No. Particulars Details 1 Brief details of options granted The present instance is for allotment of equity shares upon exercise of 56,000 ESOPs under NITCO -Employee Stock Option Plan, 2019. 2 Whether the scheme is in terms of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ('SBEB & SE Regulations'), if applicable Yes 3 Total number of shares covered by these options The present disclosure is in respect of allotment of 56,000 equity shares of face value of₹10/- each. 4 Pricing formula Not applicable at this stage. 5 Options vested The Options granted under the aforesaid plan shall vest as per the schedule determined by the Nomination and Remuneration Committee, in the manner specified in the grant letter and under scheme. The present instance of allotment of equity shares is 56,000 (Fifty-Six Thousand) options which were granted on April 03, 2019. 6 Time within which option may be exercised The vested options can be exercised at any time from the respective date(s) of vesting, as per the terms of grant. The Exercise period shall not be more than 7 years from the date of respective vesting of options and as mentioned in the plan. In the present instance, the eligible grantee has retired from the services of the Company in the year 2020 and as per the Nitco Employee Stock Option Plan 2019, upon retirement all Vested Options as on date of retirement may be exercised by the Option Grantee within permitted exercise period and allUnvested Options shallvest as per	The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are as under: Sr. No. Particulars Details 1 Brief details of options granted The present instance is for allotment of equity shares upon exercise of 56,000 ESOPs under NITCO -Employee Stock Option Plan, 2019. 2 Whether the scheme is in terms of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ('SBEB & SE Regulations'), if applicable Yes 3 Total number of shares covered by these options The present disclosure is in respect of allotment of 56,000 equity shares of face value of₹10/- each. 4 Pricing formula Not applicable at this stage. 5 Options vested The Options granted under the aforesaid plan shall vest as per the schedule determined by the Nomination and Remuneration Committee, in the manner specified in the grant letter and under scheme. The present instance of allotment of equity shares is 56,000 (Fifty-Six Thousand) options which were granted on April 03, 2019. 6 Time within which option may be exercised The vested options can be exercised at any time from the respective date(s) of vesting, as per the terms of grant. The Exercise period shall not be more than 7 years from the date of respective vesting of options and as mentioned in the plan. In the present instance, the eligible grantee has retired from the services of the Company in the year 2020 and as per the Nitco Employee Stock Option Plan 2019, upon retirement all Vested Options as on date of retirement may be exercised by the Option Grantee within permitted exercise period and allUnvested Options shallvest as per
Sr. No.	Particulars	Details
1	Brief details of options granted	The present instance is for allotment of equity shares upon exercise of 56,000 ESOPs under NITCO -Employee Stock Option Plan, 2019.
2	Whether the scheme is in terms of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ('SBEB & SE Regulations'), if applicable	Yes
3	Total number of shares covered by these options	The present disclosure is in respect of allotment of 56,000 equity shares of face value of₹10/- each.
4	Pricing formula	Not applicable at this stage.
5	Options vested	The Options granted under the aforesaid plan shall vest as per the schedule determined by the Nomination and Remuneration Committee, in the manner specified in the grant letter and under scheme. The present instance of allotment of equity shares is 56,000 (Fifty-Six Thousand) options which were granted on April 03, 2019.
6	Time within which option may be exercised	The vested options can be exercised at any time from the respective date(s) of vesting, as per the terms of grant. The Exercise period shall not be more than 7 years from the date of respective vesting of options and as mentioned in the plan. In the present instance, the eligible grantee has retired from the services of the Company in the year 2020 and as per the Nitco Employee Stock Option Plan 2019, upon retirement all Vested Options as on date of retirement may be exercised by the Option Grantee within permitted exercise period and allUnvested Options shallvest as per

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		original vesting schedule and may be exercised by the Option Grantee within permitted exercise period
7	Options exercised	56,000 (Fifty-Six Thousand).
8	Money realized by exercise of options	₹22,14,800/- (Rupees Twenty-Two Lakhs Fourteen Thousand Eight Hundred Only) excluding any taxes.
9	The total number of shares arising as a result of exercise of option	56,000 (Fifty-Six Thousand) equity shares of face value of₹10/- each .
10	Options lapsed	Not applicable.
11	Variation of terms of options	Not applicable.
12	Brief details of significant terms	As per NITCO - Employee Stock Option Plan, 2019.
13	Subsequent changes or cancellation or exercise of such options	Not applicable.
14	Diluted earnings per share pursuant to issue of equity shares on exercise of options	1.94

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Annexure – B - Information as required under Regulation 10(c) read with Part E of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 are as under:

Sr. No.	Particulars	Details
1	Company name and address of Registered Office	Nitco Limited 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030.
2	Name of the recognized Stock Exchanges on which the company's shares are listed	BSE Limited (BSE) National Stock Exchange of India Limited(NSE)
3	Filing date of the statement referred in regulation 10(b) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 with the recognized Stock Exchange	Not applicable, as the Company had already obtained in-principle approvals from BSE and NSE prior to the introduction of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations,2021.
4	FilingNumber,if any	Not Applicable
5	Title of the Scheme pursuant to which shares are issued,ifany	NITCO - Employee Stock Option Plan,2019.
6	Kind of security to be listed	Equity Shares
7	Par value of the shares	₹10/- per Equity Share
8	Date of issue of shares	October 31, 2025
9	Number of shares issued	56,000 (Fifty-Six Thousand) Equity Shares
10	Share Certificate No., if applicable	Not Applicable (shares are allotted in dematerialized form)
11	Distinctive number of the share, if applicable	229,060,106 to 229,116,105 (both inclusive)
12	ISIN Number of the shares if issued in Demat	INE858F01012
13	Exercise price per share	Rs. 39.55/- per share
14	Premium per share	Rs. 29.55/- per share
15	Total issued shares after this issue	37,91,16,105 (divided into 22,91,16,105 equity shares of face value of₹10/- each and 15,00,00,000 preference shares of face value of₹10/- each).
16	Total issued share capital after this issue	₹379,11,61,050/-
17	Details of any lock-in on the shares	Not Applicable

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18	Date of expiry of lock-in	Not Applicable
19	Whether shares are identical in all respects to existing shares? If not, when will they become identical?	All equity shares allotted pursuant to exercise of stock options shall rank _pari-passu_and are identical in all respects with the existing equity shares ofthe Company.
20	Details of listing fees, if payable	Not Applicable

VIVEK Digitally signed by VIVEK PRANNATH PRANNAT TALWAR Date: 2025.10.31 H TALWAR 20:54:17 +05'30'

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