Pursuant to Regulation 30 read with Schedule III to the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015, we wish to inform you that the Nomination and Remuneration Committee at its meeting held on October 29, 2025 has granted 80,000 stock options under Company s Employees Stock Option Scheme - 2021 (ESOS -2021) to the identified employees of the Company at an exercise price of Rs. 595/- per option. The disclosure as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with applicable SEBI Circular is enclosed herewith as Annexure-I.
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Everest Industries' Nomination and Remuneration Committee, at its meeting on October 29, 2025, approved the grant of 80,000 stock options to identified employees under the company's Employees Stock Option Scheme (ESOS-2021). The exercise price has been fixed at Rs. 595 per option. This is a routine disclosure under SEBI Listing Regulations, filed as Annexure-I along with the announcement. The grant is part of the company's existing employee incentive framework and signals continued use of equity-based compensation to retain talent.
Minor dilutionary impact on existing shareholders due to potential issuance of fresh equity shares upon exercise of these options. Employee stock options at Rs. 595 could serve as a retention tool, but the relatively small size of the grant is unlikely to materially affect the stock price.