Tilaknagar Industries Ltd — Share Issue/Capital Change 2023

Aug 26, 2023

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August 26, 2023

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai 400001 Scrip Code : 507205

To,

National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051. Symbol : TI

Subject : Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015Outcome of Circular Resolution passed by the Compensation Committee of the Board of Directors of the Company on August 26, 2023

Dear Sir/ Madam,

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 August 26, 2023, approved to grant 8,20,000 (Eight Lacs and Twenty Thousand) stock options under the Employee Stock Option Scheme 2012 (ESOP Scheme 2012), with effect from August 26, 2023 to the eligible employees of the Company.

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. 142/-(Rupees One Hundred and Forty Two Only) per Stock Option.

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.

ABHINA Digitally signed by ABHINAV GUPTA V GUPTA Date: 2023.08.26 14:20:15 +05'30'

Abhinav Gupta Chief Financial Officer

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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

Sr. **No. **	Particulars	Remark
1	Brief details of options granted	8,20,000 (Eight Lacs and Twenty Thousand) Options granted under the Employee Stock Option Scheme 2012
2	Whether the scheme is in terms of Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (if applicable)	Yes. (ESOP Scheme 2012 was framed under Employee Stock Option Scheme and Employee Stock Purchase Scheme Guidelines,1999)
3	Total number of shares covered by these options	8,20,000 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. 142.
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 ofoption	Nil
10	options lapsed	Nil
11	variation of terms of options	Nil
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 OptionGrantees shall vestas per

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the below mentioned details:
Vesting No. of
Date Stock
Options
August 25, 30%
2024 Options
August 25, 30%
2025 Options
August 25, 40%
2026 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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For Tilaknagar Industries Ltd. ABHINA Digitally signed by ABHINAV GUPTA V GUPTA Date: 2023.08.26 14:20:42 +05'30' Abhinav Gupta Chief Financial Officer

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