Greaves Cotton Approves Grant of Up to 3,39,229 Employee Stock Options Under ESOP 2024

The Nomination and Remuneration Committee of the Board of Directors of Greaves Cotton approved the grant of up to 3,39,229 (Three Lakh Thirty-Nine Thousand Two Hundred and Twenty-Nine) stock options at its meeting held on May 5, 2026. The grant has been made under the Greaves Cotton Employee Stock Option Plan 2024 (ESOP 2024), in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (SEBI SBEB & SE Regulations), as amended from time to time.

Key Details of the Stock Option Grant

The following table outlines the key parameters of the stock options granted under ESOP 2024:

Parameter: Details Number of Options Granted: Up to 3,39,229 (Three Lakh Thirty-Nine Thousand Two Hundred and Twenty-Nine) Scheme Compliance: Yes — in terms of SEBI SBEB & SE Regulations Total Shares Covered: 3,39,229 Exercise Price: Rs. 2/- per option Exercise Window: Up to 8 years from the vesting date

Regulatory Compliance

The grant has been made in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company confirmed that the scheme is fully compliant with the applicable regulatory framework. The intimation was formally communicated to BSE Limited and the National Stock Exchange of India Limited as part of the company's listing obligations.

Greaves Cotton's Group General Counsel and Company Secretary, Atindra Basu (Membership No.: F13799), signed the disclosure on behalf of the company.

Greaves Cotton has allotted 45,173 fully paid-up equity shares of face value Rs. 2/- each under its Employee Stock Option Plan 2020, as disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The allotment was approved by the Nomination and Remuneration Committee of the Board of Directors at its meeting held on 05 May 2026.

ESOP Allotment Details

The shares were allotted following the exercise of stock options by eligible employees under the Greaves Cotton – Employee Stock Option Plan 2020. The newly allotted equity shares shall rank pari-passu with the existing equity shares of the company in all respects, including dividend and voting rights.

The key details of the allotment are summarised below:

Parameter: Details Allotment Date: 05 May 2026 Number of Shares Allotted: 45,173 Face Value per Share: Rs. 2/- Plan: Greaves Cotton – Employee Stock Option Plan 2020 Regulatory Compliance: Regulation 30, SEBI (LODR) Regulations, 2015

Impact on Share Capital

Following this allotment, the issued, subscribed, and paid-up share capital of Greaves Cotton has been revised upward. The updated capital structure is as follows:

Capital Parameter: Post-Allotment Figure Total Paid-Up Share Capital: Rs. 46,59,02,868/- Total Number of Equity Shares: 23,29,51,434 Face Value per Share: Rs. 2/-

The disclosure was signed by Atindra Basu, Group General Counsel and Company Secretary of Greaves Cotton, with Membership No. F13799, confirming the regulatory filing on behalf of the company.

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