Paradeep Phosphates Limited

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PPL/SE/2024

February 5[th] , 2024

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) MUMBAI - 400 051

BSE Limited, Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street MUMBAI - 400 001

Dear Sir/Madam,

Company's Scrip Code in BSE : 543530 Company’s Symbol in NSE : PARADEEP ISIN : INE088F01024

Sub: Grant of stock options under ‘PPL Employees Stock Option Plan 2021 (ESOP – 2021)

Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR')

Respected Sir / Ma’am,

Pursuant to the applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR'), we wish to inform that the Nomination and Remuneration Committee of the Company, at their meeting held today has inter alia approved grant of 4,83,724 Stock Options to the eligible Employees of the Company under ESOP-2021.

Disclosure as required under Regulation 30 of SEBI LODR read with SEBI Circular SEBI /HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July2023 is enclosed as Annexure A .

Kindly take the above-mentioned information on records.

Thanking You,

Yours faithfully,

For Paradeep Phosphates Limited

SACHIN Digitally signed by SACHIN SHANKAR SHANKAR PATIL PATIL Date: 2024.02.05 18:06:35 +05'30' Sachin Patil Company Secretary

Encl: As above

CIN No.: L24129OR1981PLC001020 Bayan Bhawan, Pandit J N Marg, Bhubaneswar - 751001 Tel: +0674 666 6100 Fax: +0674 2392631 www.paradeepphosphates.com

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Annexure -A

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended:

Sr. No.	Particulars	Responses	Responses
1.	brief details of options granted	4,83,724 ESOPs granted by the Nomination and RemunerationCommittee to the eligible employee of the Company under ‘PPLEmployees Stock Option Plan 2021 (ESOP–2021)
2.	whether the scheme is in terms ofSEBI (Share Based EmployeeBenefitsandSweatEquity)Regulations, 2021	Yes.PPL - Employees Stock Option Plan 2021’ (“ESOP – 2021”)has been approved by the shareholders of the Company on10thAugust 2021 and was further amended by the Board toalign the ESOP-2021 with the provisions of the SEBI (ShareBased Employee Benefits and Sweat Equity) Regulations,2021. The ESOP-2021 was ratified post Initial Public offering ofthe Company by the Shareholders through Postal Ballot onApril 18, 2023
3.	total number of shares covered bythese options	4,83,724 Equity shares. Each stock option carries the right toapply for and be allotted 1 (one) equity share of face value ofRs. 10 each of the Company.
4. .	Exercise Price	The aforesaid Options have been granted at an exercise priceof•120,000 options at exercise price of Rs 51/- per option•253133 options at exercise price of Rs 56/- per option•29153 options at exercise price of Rs 59/- per option•81438 options at exercise price of Rs 64/- per optionTotal employee count: 39
5.	options vested;/ Vesting schedule	Subject to fulfilment of all the pre-vesting conditions, theoptions would vest in the following manner:Date of vestingVesting PercentageOn completion of one year from thedate of grant30%On completion of Two year from thedate of grant35 %On completion of Three year fromthe date of grant35%
		Date of vesting	Vesting Percentage
		On completion of one year from thedate of grant	30%
		On completion of Two year from thedate of grant	35 %
		On completion of Three year fromthe date of grant	35%

6.	time within which option may beexercised	Exercise period shall be 3 years fromrespective options.	the date of vesting of the