BOROSIL RENEWABLES LIMITED — Others, 07-01-2025: Options to purchase securities

Borosil Renewables has announced a board meeting for granting 25,000 employee stock options under the "Borosil Employee Stock Option Scheme 2017." Each option allows the holder to apply for one equity share at Re. 1. The options are priced at Rs. 400 each, reflecting about a 23% discount on the market price as of January 6, 2025. Vesting will occur over three years, with 33% vesting at the first and second anniversaries and 34% at the third. This move could enhance employee retention and alignment with company performance, signaling a positive outlook for shareholder value in the long term.