Tilaknagar Industries Ltd — Share Issue/Capital Change 2022

Oct 20, 2022

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October 20, 2022

BSE Limited, National Stock Exchange of India Ltd., The Corporate Relationship Dept, Exchange Plaza, 1[st] 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 Resolution under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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, through Circular resolution passed on, October 20, 2022 approved to grant 1,00,000 (One Lakh) Options to Mr. Abhinav Gupta, President- Finance from the options available with the Company under ESOP Scheme – 2012.

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 be calculated at a discount not higher than 75% of the average of the daily high and low of the prices for the Company’s equity shares quoted on BSE Limited, during the 15 days preceding the date of vesting of the stock options subject to a minimum Exercise Price of Rs. 74.00/-.

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

Please find enclosed herewith, disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 as Annexure – A.

Kindly take the same on your record.

The above information is available on website of the Company www.tilind.com.

Thanking you.

Yours faithfully,

For Tilaknagar Industries Ltd.

DIPTI VARUN Digitally signed by DIPTI VARUN TODKAR TODKAR Date: 2022.10.20 15:45:01 +05'30'

Dipti Todkar Company Secretary

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Annexure A

Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

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Sr. Particulars Remark
No.
1 Brief details of options granted 1,00,000 Options granted
under the Employee Stock
Option Scheme 2012
2 Whether the scheme is in terms of Securities and Yes
Exchange Board of India (Share Based Employee Benefits
and Sweat Equity) Regulations, 2021 (if applicable)
3 Total number of shares covered by these options 1,00,000 Equity Shares
4 Pricing formula Exercise Price shall be
calculated at a discount not
higher than 75% of the average
of the daily high and low of the
prices for the Company’s equity
shares quoted on BSE Limited,
during the 15 days preceding
the date of vesting of the stock
options subject to a minimum
Exercise Price of Rs. 74.00/-.
The minimum exercise price is
calculated at 25% discount to
Market Price i.e. Rs. 98.05/-
per option, being the closing
market price of the Company’s
equity share on October 18,
2022 i.e. the date previous to
the date of circulation of the
resolution
5 Options vested Nil
6 Time within which option may be exercised Exercise period shall be 2 years
from the date of vesting of
options.
7 Options exercised Nil
8 Money realized by exercise of options Nil
9 the total number of shares arising as a result of exercise Nil
of option
10 options lapsed Nil
11 variation of terms of options -
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12 brief details of significant terms There shall be a minimum
period of One Year between the
date of grant and date of
vesting of the above Stock
Options.
Exercise period shall be 2 years
from the date of vesting of
options.
The Stock options granted to
the Option Grantees shall vest
as per the below mentioned
details:
Vesting No. of
Date Stock
Options
October 22, 30%
2023 Options
October 22, 30%
2024 Options
October 22, 40%
2025 Options
13 subsequent changes or cancellation or exercise of such Nil
options
14 diluted earnings per share pursuant to issue of equity Options are yet to be exercised
shares on exercise of options
15 Conversion Ratio Each Option shall carry the
right to be issued One Equity
Share of Rs. 10/- each of the
Company
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