Orient Electric Limited — Capital/Financing Update 2019

Dec 13, 2019

orient CK BIRLA GROUP electric @ a switch to smart

December 13, 2019

Listing Department

National Stock Exchange of India Limited

Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Sandra (E), Mumbai - 400 051

Department of Corporate Services -Listing

BSE Limited

Phiroze JeeJeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001

Trading Symbol: ORIENTELEC

Scrip Code: 541301

Sub.: Disclosure Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/ Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we hereby wish to inform you that the Board of Directors of the Company granted following Stock Options to the eligible employee of the Company under Orient Electric Employee Stock Option Scheme- 2019:

No. of Stock Options granted 1,66,302 stock options Whether the Scheme is in compliance with Yes the provisions of Securities and Exchange

Board of India (Share Based Employee

Benefits) Regulations, 2014

Vesting Period

4 years in two tranches: a. 40% (Forty percent) shall vest after 3 years in the year 2022; and b. 60% (Sixty percent) shall vest after 4 years in the year 2023.

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Orient Electric Limited - o CK Birlo Group Company cm no.: L31100OR201&PLco2ss9z Plot no. 240, Okhla Industrial Estate, Phase Ill, new Delhi 110020, India Tel +91 11 40507000 Fax +91 11 40507004 Regd. Office: Unit VIII, Plot no.7, Bhoinagor, Bhubaneswor, 0disha 751012 investar@orientelectric.com www.orientelectric.com

Exercise Price	Rs. 184.10 per stock option, convertible,
	uponexercise,intoequalnumberof
	equityshares of theCompany of Rs.1
	each.
Exercise Period	Within 4 years from the respective vesting
	date.

You are requested take the above information on your record.

Thanking you,

Yours Sincerely,

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Company Secretary