SRF Ltd. — Capital/Financing Update 2025

Nov 25, 2025

The Corporate Relationship Department, National Stock Exchange of India Limited BSE Limited “Exchange Plaza” 1[st] Floor, New Trading Ring Rotunda Building, Bandra-Kurla Complex P.J. Towers Bandra (E) Dalal Street, Mumbai 400 051 Mumbai 400 001 Scrip Code- 503806 Scrip Code-SRF

SRF/SEC/BSE/NSE 25.11.2025

Subject: Intimation of Grant of Options under “Part A – SRF Employees Stock Option Scheme, 2018 of SRF Long term Share based Incentives Plan, 2018 of the Company

Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Nomination and Remuneration Committee (“NRC”) at its meeting held on 25th November, 2025 has approved, the grant of 2,32,810 (Two Lakh Thirty Two Thousand Eight Hundred and Ten Only) Employee Stock Options (“Options”) under the “Part A – SRF Employees Stock Option Scheme, 2018 of the SRF Long term Share based Incentives Plan, 2018.

The details required pursuant to with Regulation 30 of the Listing Regulations read with SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 (“Master Circular”) are enclosed hereto as Annexure - A.

Kindly take this intimation on record.

Thanking you,

Yours faithfully,

For SRF Limited

Digitally signed by RAJAT RAJAT LAKHANPAL LAKHANPAL Date: 2025.11.25 17:51:20 +05'30'

Rajat Lakhanpal

Sr. Vice President (Corporate Compliance) & Company Secretary

Encl : Annexure - A

Annexure - A

Disclosures under Schedule III, Part-A, Para B (Clause 10) of LODR is given below:

S. No.	Particulars	Details
1.	Brief details of options granted	2,32,810 Options were granted pursuant to Part A – SRF Employees Stock Option Scheme, 2018 of the SRF Long term Share based Incentives Plan, 2018 to the eligible employees of the Company.
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, SRF Long term Share based Incentives Plan, 2018 is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
3.	Total number of shares covered by these options	Equity Shares of Rs. 10/- each to be issued against 2,32,810 Options pursuant to Part A – SRF Employees Stock Option Scheme, 2018 of the SRF Long term Share based Incentives Plan, 2018 in the ratio of 1:1.
4.	Pricing Formula	Options are granted at a discount of 40% to the Current Market Price prevailing one day before the date of Grant.
5.	Options Vested	Not Applicable at this stage
6.	Time within which options may be exercised	The Vested Options shall be exercisable on payment of Exercise Price, according to the terms and conditions as determined and set forth under the Part A – SRF Employees Stock Option Scheme, 2018 of the SRF Long term Share based Incentives Plan, 2018 within a maximum period of 1 year from date of vesting of such Options. All the vested Options can be exercised by the Eligible Employee at one time or at various points of time within the exercise period.

		Options exercised	Not Applicable at this stage
	7.
		Money realized by exercise of Options	Not Applicable at this stage
	8.
		The Total number of shares arising as a result of exercise	Not Applicable at this stage
	9.	of Option
		Option lapsed
	10.		Not applicable at this stage
		Variation of terms of Options
	11.		Not applicable at this stage
		Brief details of significant terms	SRF Long term Share based
	12.		Incentives Plan, 2018 (“Plan”)
			shall be administered by the
			SRF Employees Welfare Trust
			under the supervision of the
			Nomination and Remuneration
			Committee of the Company.
			The grant of Options is based
			upon the eligibility criteria as
			decided by the Nomination &
			Remuneration Committee.
			The granted Options once
			vested shall entitle the Option
			holder to acquire equal number
			of Equity Shares, upon
			payment of exercise price and
			applicable taxes in accordance
			with terms and conditions of the
			Plan.
		Subsequent changes or cancellation or exercise of Option
	13.		Not applicable at this stage
		Diluted earnings per share pursuant to issue of equity
	14.	shares on exercise of Options	Not applicable at this stage