Attached herewith Intimation for Grant of 63,00,000 stock options to eligible employees under the scheme.
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Epuja Spiritech Ltd has granted 63 lakh stock options to eligible employees under its Employee Stock Option Scheme 2025 (ESOP 2025), approved by the Nomination and Remuneration Committee on February 18, 2026. Each option is convertible into one equity share of face value Re. 1, at an exercise price of Re. 1 per option. The options will vest after one year from the grant date, and vested options can be exercised within seven years. The scheme is in compliance with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021. Shares issued upon exercise will rank equally with existing equity shares and are not subject to any additional lock-in restrictions beyond what the law requires.
This is an employee incentive move that will dilute existing shareholders' stake by up to 63 lakh shares once options are exercised. The very low exercise price of Re. 1 per option means employees get shares almost at par value, signalling a strong retention/incentive push but also meaningful future dilution risk for current shareholders.