Tilaknagar Industries Ltd — Capital/Financing Update 2021

May 27, 2021

CIN: L15420PN1933PLC133303

Registered Office: P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra-413 720 Corporate Office: 3rd 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 May 27, 2021

BSE Limited,	National Stock Exchange of India Ltd.,
The Corporate Relationship Dept,	Exchange Plaza,
1st Floor, Phiroze Jeejeebhoy Towers,	Bandra - Kurla Complex,
Dalal Street,	Bandra (East),
Mumbai – 400 001.	Mumbai - 400 051.
Scrip Code: 507205	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 (ESOP Scheme - 2010)

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 Thursday, May 27, 2021 inter alia has considered and approved the grant of 10,75,000 (Ten Lakh and Seventy Five Thousand) Options to eligible employees of the Company from the Options available with the Company under ESOP Scheme 2010.

Under the Scheme, 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. 32.00/-.

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

Sr.	Particulars	Remarks
No.
1	Grant Date	May 27, 2021
2	The quantum of stock options tobegrantedundertheESOPScheme – 2010	10,75,000
3	Periodbetweengrantandvesting	There shall be a minimum period of One Yearbetween the date of grant and date of vesting ofthe above stock options.

CIN: L15420PN1933PLC133303

Registered Office: P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra-413 720 Corporate Office: 3rd 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 shallvest as under:
		Vesting Date	No. of Stock Options
		May 27, 2022	30% Options
		May 27, 2023	30% Options
		May 27, 2024	40% Options
5	Entitlement		The employee shall be entitled to 1 equity share
			for every 1 stock option granted and vested asper vesting schedule above on payment of
		exercise price specified herein below.
6	Exercise Price	Company'sequitythe Committee.	The exercise price shall be calculated at adiscount not higher than 75% of the average ofthe daily high and low of the prices for thesharesquotedonBSELimited, during the 15 days preceding the dateof vesting of the stock options subjecttominimum exercise price as may be decided by
7	Exercise Period	The Exercise Period shall be 2 years from thedate of respective vesting i.e.
		Vesting Date	Last date for exerciseof Stock Options
		May 27, 2022	May 25, 2024
		May 27, 2023	May 25, 2025
		May 27, 2024	May 25, 2026
		Compensation Committee.	The stock options which are not exercised till thelast date of exercise of stock option shall lapseand shall be available for grant to the othereligible employees as may be decided by the
8	Right of Pre-emption		In case the employee wishes to sell/dispose off

CIN: L15420PN1933PLC133303

Registered Office: P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra-413 720 Corporate Office: 3rd 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

		the shares arising out of stock options exercisedby him/her, or in case of separation from theCompany the same must be offered to thePromoters of the Company at the closing marketprice of the previous day of tendering the sharesfor sale.
9	Other Terms and conditions	The stock options shall be subject to terms andconditions as contained in Disclosure Statementcum Employee Stock Option Scheme 2010.

The ESOPs granted are governed as per ESOP Scheme 2010, which was 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. Shekhar R Singh Company Secretary SHEKHAR RAMJEET SINGH Digitally signed by SHEKHAR RAMJEET SINGH DN: c=IN, o=Personal, pseudonym=9d802484a61891f05a34f8312e2d 51f1f0b5d1bb3ca1c6d5ff5afa050170df88, postalCode=400066, st=MAHARASHTRA, serialNumber=b35a0382a16a37158fe5f7b1555 932b62916fd1d5ef81cb365dd31088c8a8a5c, cn=SHEKHAR RAMJEET SINGH Date: 2021.05.27 13:12:23 +05'30'