Walchandnagar Industries Ltd — Capital/Financing Update 2020

Nov 9, 2020

==> picture [106 x 42] intentionally omitted <==

No.	Parameters _I_Terms		Explanation
I	Total numberofoptions granted		3,00,020 options convertible into 3,00,020 equity sharesofface valueofRs. 2/- each.
II	Whether Schemeisintermsof'sEBI(SBEB) Regulations, 2014(if<lflplicable)		Yes
III	Exerciseprice		ExercisepriceisRs 2/- per option.
IV	Modeofissue		Fresh equity shares will be issued by the Company onexerciseofVested Options.
v	Vesting conditions		Based on being111continued employment withCompanyand fulfillmentofperformanceparameters.the
VI	Vesting period_I_Schedule		Vesting Schedule for 2,68,220 OptionsAt the endofIstyear from the grant date : 1 0%Atthe endof2ndyear from the grant date : 20%At the endof3rdyear from the grant date : 20%Atthe endof41hyear from the grantdate:20%At the endof51hyear from the grantdate:30%Vesting Schedule for 31,800 OptionsAtthe endof1stYear from the grant date: 30%Atthe endof2ndyear from the grant date: 30%At the endof3rctyear from thegrant date: 40%
VII	Time within which optionsexercisedmay be		3 years from the dateofrespective vesting dates.

==> picture [81 x 32] intentionally omitted <==