Walchandnagar Industries Ltd — Capital/Financing Update 2024

May 28, 2024

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Ref. No. : WIL: SEC: 2024 Date : May 28, 2024

National Stock Exchange of India Ltd Corporate Action Department Exchange Plaza, 5[th] floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East) Mumbai 400 051 Scrip Code : WALCHANNAG

BSE Ltd., Corporate Relations Department 1[st] floor, New Trading Ring, Rotunda Bldg P.J. Tower, Mumbai 400 001 Scrip Code : 507410

Dear Sirs,

Sub: Grant of Employee Stock options under WIL - Employees Stock Option Plan 2020 (ESOP - 2020)

Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR')

Pursuant to the applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( 'SEBI LODR' ), we wish to inform you that the Nomination & Remuneration Committee of the Company at their meeting held on today i.e. May 28, 2024 has inter-alia considered and approved grant of 2,47,500 stock options to eligible employees of the Company under WIL - Employees Stock Option Plan 2020 (ESOP - 2020) as under:

No.	Parameters / Terms	Explanation
I	Brief details of options granted	2,47,500 options convertible into 2,47,500 equityshares of face value of Rs. 2/- each.
II	Whether Scheme is in terms of SEBI(Share Based Employee Benefitsand Sweat Equity) Regulations,2021 (if applicable)	Yes. WIL - Employees Stock Option Plan 2020(ESOP - 2020) is formulated and approved by theShareholders of the Company on 14thAugust, 2020pursuant to the provisions of the SEBI (Share BasedEmployee Benefits) Regulations, 2014 which werereplaced by SEBI (Share Based Employee Benefitsand Sweat Equity) Regulations, 2021 ('SEBISBEBSE')
III	Total number of shares covered bythese options	2,47,500 equity shares of Rs. 2/- each of theCompany. Each stock option carries the right toapply for and be allotted 1 (one) equity share of facevalue of Rs. 2/- each of the Company.
IV	Pricingformula/Exerciseprice	Exerciseprice is Rs 2/-per option.
V	Mode of issue	Fresh equity shares will be issued by the Companyon exercise of Vested Options.
VI	Vesting conditions	Based on being in continued employment with theCompanyand fulfillment ofperformanceparameters.
VII	Vesting period / Schedule	Vesting Schedule for 87,500 OptionsAt the end of 1st year from thegrant date : 10%

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		At the end of 2ndyear from the grant date : 20%At the end of 3rdyear from the grant date : 20%At the end of 4thyear from the grant date : 20%At the end of 5thyear from the grant date : 30%Vesting Schedule for 1,00,000 OptionsAt the end of 3rdYear from the grant date: 30%At the end of 4thyear from the grant date: 30%At the end of 5thyear from the grant date: 40%Vesting Schedule for 60,000 OptionsAt the end of 3rdYear from the grant date: 33.333%At the end of 4thyear from the grant date: 33.333%At the end of 5th year from thegrant date: 33.333%
VIII	Time within which options may beexercised	3 years from the date of respective vesting dates.

This is for your information and record.

Thanking you.

Yours faithfully, For Walchandnagar Industries Ltd.,

Digitally signed by GIRIRAJ SHARAN AGRAWAL DN: c=IN, o=Personal, title=5216, 2.5.4.20=f048798869b5576cd33292a4b6b9b7aa85cf64f178f4881 b0e4fdb4df0c75a75, postalCode=400034, st=Maharashtra, serialNumber=5a4130bf9a70610c0fd108bdfb582c7679b4082096 434107dba690b8c4821e18, cn=GIRIRAJ SHARAN AGRAWAL Date: 2024.05.28 18:34:57 +05'30'

GIRIRAJ SHARAN AGRAWAL

G. S. Agrawal Whole Time Director & Company Secretary (DIN: 00404340)

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