Tilaknagar Industries Ltd — Capital/Financing Update 2021

Aug 14, 2021

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CIN: L15420PN1933PLC133303

Registered Office: P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra-413 720 Corporate Office: 3[rd] Floor, Industrial Assurance Building, Churchgate, Mumbai, Maharashtra-400 020 Email : investor@tilind.com, Website: www.tilind.com, Phone: +91 22 22831716/18, Fax: +91 22 22046904

Ref: TI/SE/COMP/21-22 August 14, 2021

	BSE Limited,The Corporate Relationship Dept,1stFloor, Phiroze Jeejeebhoy Towers,Dalal Street,Mumbai – 400 001.Scrip Code: 507205	National Stock Exchange of India Ltd.,Exchange Plaza,Bandra - Kurla Complex,Bandra (East),Mumbai - 400 051.Scrip Code: TI

Dear Sir,

Sub: Outcome of the Compensation Committee Meeting under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Ref: Grant of Options to the eligible employees of the Company pursuant to Employee Stock Option Scheme- 2010 and ESOP Scheme - 2012

Pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015, we would like to inform you that the Compensation Committee of the Board of Directors of the Company, at its meeting held on August 14, 2021 inter-alia has considered and approved the grant of 31,38,500 (Thirty One Lakh Thirty Eight Thousand Five Hundred) Options to eligible employees of the Company from the Options available with the Company under ESOP Scheme 2010 and ESOP Scheme – 2012.

Under the Schemes, each option is convertible into one Equity Share (Face Value of Rs. 10/each) of the Company upon vesting, at an Exercise Price which shall not be less than 75% of the average of the high and low of the market price of the shares of the Company quoted on BSE during 15 days prior to the date of Vesting subject to a minimum Exercise Price of Rs. 31.00/-.

The following are the terms and conditions for the aforesaid Options granted:

Sr.No.	Particulars	Remarks
1	Grant Date	August 14, 2021
2	The quantum of stock options to begranted under the ESOP Scheme –2010 and ESOP Scheme -2012	31,38,500
3	Period between grant and vesting	There shall be a minimum period of One Yearbetween the date of grant and date of vesting of theabove stock options.

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CIN: L15420PN1933PLC133303

Registered Office: P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra-413 720 Corporate Office: 3[rd] Floor, Industrial Assurance Building, Churchgate, Mumbai, Maharashtra-400 020 Email : investor@tilind.com, Website: www.tilind.com, Phone: +91 22 22831716/18, Fax: +91 22 22046904

4	The vesting period		The stock options granted to the employee shall vestas under:Vesting DateNo. of Stock OptionsAugust 14, 202230% OptionsAugust 14, 202330% OptionsAugust 14, 202440% Options
5	Entitlement		The employee shall be entitled to 1 equity share forevery 1 stock option granted and vested as pervesting schedule above on payment of exercise pricespecified herein below.
6	Exercise Price		The exercise price shall be calculated at a discountnot higher than 75% of the average of the daily highand low of the prices for the Company's equityshares quoted on BSE Limited, during the 15 dayspreceding the date of vesting of the stock optionssubject to minimum exercise price as may bedecided by the Committee.
7	Exercise Period		The Exercise Period shall be 2 years from the date ofrespective vesting i.e.Vesting DateLast date for exerciseof Stock OptionsAugust 14, 2022August 12, 2024August 14, 2023August 12, 2025August 14, 2024August 12, 2026The stock options which are not exercised till the lastdate of exercise of stock option shall lapse and shallbe available for grant to the other eligible employeesas may be decided by the Compensation Committee.
8	Right of Pre-emption		In case the employee wishes to sell/dispose off theshares arising out of stock options exercised byhim/her, or in case of separation from the Companythe same must be offered to the Promoters of theCompany at the closing market price of the previousday of tendering the shares for sale.

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CIN: L15420PN1933PLC133303

Registered Office: P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra-413 720 Corporate Office: 3[rd] Floor, Industrial Assurance Building, Churchgate, Mumbai, Maharashtra-400 020 Email : investor@tilind.com, Website: www.tilind.com, Phone: +91 22 22831716/18, Fax: +91 22 22046904

9 Other Terms and conditions The stock options shall be subject to terms and conditions as contained in Disclosure Statement cum Employee Stock Option Scheme 2010 and 2012.

The ESOPs granted are governed as per ESOP Scheme 2010 and 2012, which were submitted to the Exchanges at the time of obtaining the in-principle approval.

Kindly take the same on your record.

Thanking you.

Yours faithfully,

For Tilaknagar Industries Ltd.

Digitally signed by SHEKHAR RAMJEET SHEKHAR SINGH DN: c=IN, o=Personal, pseudonym=9d802484a61891f05a34f831 2e2d51f1f0b5d1bb3ca1c6d5ff5afa050170 RAMJEET df88, postalCode=400066, st=MAHARASHTRA, serialNumber=b35a0382a16a37158fe5f7b 1555932b62916fd1d5ef81cb365dd31088 c8a8a5c, cn=SHEKHAR RAMJEET SINGH SINGH Date: 2021.08.14 18:46:33 +05'30' Shekhar R Singh Company Secretary