Allotment Committee of the Board of Directors of the Company at its meeting held today i.e. 16" January 2026 had approved, issued and allotted 34,123 equity shares of face value of Rs. 10/- each, fully paid up, to the eligible employees of the Company on exercise by them of stock options granted and vested under Saurashtra Employee Stock Option Scheme 2017 { ESOP Scheme )( ESOP Scheme was first amended on 22 April 2024 ) .

Saurashtra Cement Limited's Allotment Committee approved the issue and allotment of 34,123 equity shares with a face value of Rs. 10 each on January 16, 2026. These fully paid-up shares were allotted to eligible employees who exercised their vested stock options under the Saurashtra Employee Stock Option Scheme 2017 (ESOP Scheme), which was first amended on April 22, 2024. This is a routine employee stock option exercise resulting in a minor dilution of existing shareholders. The number of shares allotted is relatively small compared to typical equity capital, suggesting limited impact on shareholding structure.