Shaily Engineering Plastics Ltd. — Capital/Financing Update 2024

Feb 13, 2024

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SEPL/SE/Feb/23-24 February 13, 2024

The General Manager, The Manager, Corporate Services/Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Mumbai – 400 001 Bandra – Kurla Complex, Scrip Code: 501423 Bandra (E), Mumbai – 400 051 Scrip Code: SHAILY

Sub: Grant of stock options under Shaily Employee Stock Option Plan 2019 (“ESOP 2019”)

Ref: Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)

Dear Sir/ Madam,

Pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, this is to inform that the Nomination and Remuneration Committee (“NRC”) of the Board of Directors of the Company at their meeting held on 13[th] February 2024 has inter alia approved grant of 11,000 Stock Options to the Eligible Employees of the Company under the ESOP 2019.

The details of the aforesaid grant are provided in Annexure A.

Kindly take the same on record.

Yours faithfully,

For Shaily Engineering Plastics Limited

DIMPLE ASHWINBHAI MEHTA Digitally signed by DIMPLE ASHWINBHAI MEHTA DN: c=IN, o=PERSONAL, title=8748, pseudonym=28dd610549b34b4aadfc7aa64744d799, 2.5.4.20=1d1ed0723db621091a253decb769954c330209284ee0d9f45202148baf7a44fb, postalCode=390012, st=Gujarat, serialNumber=be901a7b4cfd5ff4b6e3310581e678582e8fcab3536586c4a365ba53eccbf1a6, cn=DIMPLE ASHWINBHAI MEHTA Date: 2024.02.13 15:53:22 +05'30' Dimple Mehta Company Secretary M. No. A31582

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Annexure-A

The details of grant of options are as follows::

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----- Start of picture text ----- Sr. No. Particulars Details1 Brief details of options granted *11,000 (Eleven Thousand) Options granted tothe eligible employees of the Company asdetermined by the Nomination and RemunerationCommittee under the ESOP 2019.2 Whether the scheme is in terms of Yes, the ESOP 2019 is in terms of the SEBISEBI (SBEB) Regulations, 2021 (if (Share Based Employee Benefits and Sweatapplicable) Equity) Regulations, 20213 Total number of shares covered by *11,000 (Eleven Thousand) equity shares of facethese options value of Rs. 2/- each fully paid-up.4 Pricing Formula Tranche 1  At ParTranche 2  1/3 [rd] value of market Price as onthe date of vestingTranche 3  1/3 [rd] value of market Price as onthe date of vesting5 Options Vested Not ApplicableVesting of Options:1/3 of the options granted shall vest oncompletion of one year from the date of grant.1/3 of the options granted shall vest oncompletion of two years from the date of grant.1/3 of the options granted shall vest oncompletion of three years from the date of grant.6 Time within which option may be 4 years from the date of vestingexercised7 Options exercised Not Applicable8 Money realized by exercise of Not Applicableoptions;9 The total number of shares arising as Not Applicablea result of exercise of option10 Options lapsed Not Applicable11 Variation of terms of options Not Applicable12 Brief details of significant terms Significant terms of the present Grant of Optionsinclude Pricing Formula, vesting schedule andExercise period which shall be as per detailsmentioned at sr. no. 4,5 & 6 of this table.----- End of picture text -----

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13	Subsequent changes or cancellationor exercise of such options	Not Applicable
14	Diluted earnings per share pursuantto issue of the equity shares onexercise of options	Options are yet to be exercised

*Note: The members of the Company at their meeting held on 8[th] August 2019 approved “Shaily Employee Stock Option Plan 2019” authorizing the Board of Directors to create, and grant from time to time, in one or more tranches, not exceeding 131,570 (One lac thirty-one thousand five hundred and seventy) employee stock options.

The members at their meeting held on 29[th] September 2023 approved sub-division of existing Equity Shares of the Company from the nominal value of Rs.10/- (Rupees Ten only) to Rs. 2/- (Rupees Two only) per Equity share. Accordingly, 1 equity share of the Company having a face value of Rs. 10/- each (fully paid-up) divided into 5 equity shares of Rs.2/- each (fully paid up) w.e.f. 23[rd] November 2023 (record date).

In view of the above sub-division of the equity shares of the Company and as mention in the ESOP 2019, the total options to be granted under ESOP 2019 and the Options granted by the NRC on 8[th] August, 2023, shall be augmented in the same proportion as the face value per equity share shall bear to the revised face value of the equity shares of the Company after such sub-division, without affecting any other rights or obligations of the said grantees.

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