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PI Industries Ltd. — Capital/Financing Update 2024
Apr 5, 2024
14931_rns_2024-04-05_db964364-9f79-402d-8ef3-035b685804e9.pdf
Capital/Financing Update
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PIIL:SEC:NSE/BSE:01:2024-25 5 April 2024
BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza, Plot No. C/1, G-Block PJ Towers, 25th Floor, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051. Code No. 523642 Code No. PIIND
Dear Sir/Madam,
Sub: Intimation of grant of Stock Options pursuant to PII- Employee Stock Option Scheme 2010 (‘PII-ESOP 2010')
This is to inform you that pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 subject to the provisions of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, the Nomination & Remuneration Committee (acting as ‘Compensation Committee’) of the Board, at its meeting held today i.e. on 5 April 2024 , has approved grant of stock options as per details given below:
| **S No. ** | Particulars | Details |
|---|---|---|
| 1. | Brief details of the | 59,500options to eligible employee of the Company under |
| options granted | PII-ESOP 2010 | |
| 2. | Total number of | 59,500equity shares (each stock option is convertible into 1 |
| shares covered by | equity share of face value of Re. 1) | |
| these options | ||
| 3. | Pricing | The options have been granted at the market price as |
| formula/exercise | defined under SEBI (Share Based Employee Benefits and | |
| price | Sweat Equity) Regulations, 2021 and PII-ESOP 2010 @ Rs. | |
| 3,243per option, calculated at 15% discount to the closing | ||
| price of the Company's shares on Bombay Stock Exchange/ | ||
| National Stock Exchange of India Limited with the highest | ||
| trading volume on the day prior to date of the Meeting viz., | ||
| 4 April 2024 | ||
| 4. | Options vesting | Vesting begins from end of one year from the date of the |
| period/vesting | grant | |
| schedule | ||
| 5. | Exercise Period | Stock Options are exercisable within 6 years from the |
| respective date of vesting of options. |
This is for your information and record please.
Thanking you,
Yours faithfully,
For PI Industries Limited
SONAL Digitally signed by SONAL RAMANAND RAMANAND TIWARI Date: 2024.04.05 15:36:38 TIWARI +05'30' Sonal Tiwari Company Secretary
PI Industries Ltd.
Corporate Off.: Vipul Square, 5th Floor, B-Block, Sushant Lok, Phase I, Gurgaon – 122009, Haryana, India. Tel.: +91-124-679000 aa Regd. Off.: Post Box No.20, Udaisagar Road, Udaipur – 313001, Rajasthan, India. Tel.: +91-294-2491451-5, 6651100, Fax: +91-294-2491946 Email: [email protected], www.piindustries.com, CIN: L24211RJ1946PLC000469