Grant of Stock Options under Borosil Scientific Limited- Employee Stock Option Scheme

Borosil Scientific Ltd's Nomination and Remuneration Committee has approved the grant of 18,700 stock options to eligible employees under the company's ESOP scheme. Each option allows employees to purchase one equity share of Rs. 1 face value at Rs. 108 per option, representing approximately a 10% discount to the market price. The options will vest over 4 years at 25% per anniversary, with a 5-year exercise window from vesting. No options have been vested or exercised yet as this is a fresh grant. The scheme complies with SEBI's Share Based Employee Benefits Regulations, 2021.