Jyothy Labs Limited — Important, 12-11-2024: Updates

The Nomination, Remuneration and Compensation Committee of Jyothy Labs Limited has approved the grant of 10,519 Restricted Stock Units (RSUs) under the Employee Stock Unit Plan 2023. These RSUs, which can be converted into an equal number of equity shares at a face value of Re. 1 each, will be effective from November 14, 2024. The vesting of the RSUs is set for a minimum of one year, extending up to four years based on performance conditions. Employees will have a two-year window to exercise the vested RSUs, with specific conditions applicable in case of employment separation. This initiative reflects the company's commitment to incentivizing employees through equity participation, potentially enhancing alignment between employee interests and shareholder value moving forward.