Shalby Limited — Important, 07-02-2025: Updates

The Nomination and Remuneration Committee of Shalby Limited has approved the grant of 9,000 Stock Options under the Employees Stock Options Scheme – 2021, which converts to an equal number of equity shares at an exercise price of ₹10 per share. The options will vest after two years from the grant date and can be exercised within one year after vesting. Notably, these options derive from lapsed options, meaning there will be no increase in the company's paid-up share capital as shares are channeled from the secondary market. The committee's decisions are based on employee eligibility and performance metrics, with the scheme anticipated to enhance employee motivation and retention. This alignment with long-term employee performance could contribute positively to the company's operational efficiency. Investors may view this as a strategic move towards maintaining workforce stability and driving future growth.