Shalby Limited — Important, 03-02-2025: Updates

The Nomination and Remuneration Committee of Shalby Limited has approved the grant of 2,05,265 Employee Stock Options (ESOP) convertible into an equal number of equity shares at an exercise price of ₹100 per share. These options are part of the Shalby Limited Employees Stock Options Scheme - 2021 and will vest after two years from the grant date, with a one-year period for exercise post-vesting. The company has clarified that the paid-up capital will not increase as the shares are sourced from the secondary market.

Additionally, there is no un-appropriated inventory of shares following the grant, and the committee possesses the authority to re-issue any lapsed options to eligible employees in the future. This initiative could enhance employee retention and alignment with company performance, presenting a positive outlook for future operational engagement.