IKIO Technologies Limited — Important, 08-01-2025: Updates

The Nomination and Remuneration Committee of IKIO Lighting Limited has approved the grant of 8,70,000 Employee Stock Options (ESOPs) to eligible employees, convertible into an equal number of equity shares at a face value of ₹10 each. The exercise price for these options is set at ₹150 per stock option. Employees can exercise their options within three months of vesting, with opportunities for exercise occurring in two tranches. The ILL Employee Stock Option Scheme 2022 governs this process. Such initiatives aim to enhance employee engagement and align their interests with the company’s growth trajectory, potentially driving positive sentiment among investors.