Jubilant Ingrevia Limited — Important, 27-03-2025: Updates

An addendum to the Trust Deed of the Jubilant Ingrevia Employees Welfare Trust has been executed involving Jubilant Ingrevia Limited, Mr. Shyamsundar Bang, and Mr. Ashwani Malhotra. This third addendum is aimed at implementing recent amendments to the Employee Stock Option Scheme (ESOP 2021), which include increasing the total number of options to be granted to up to 2,000,000 shares. Adjustments will also be made in accordance with corporate actions such as bonus issues or stock splits. Importantly, the addendum clarifies the rights and obligations of beneficiaries, particularly addressing claims to Trust Fund benefits and the vesting conditions linked to employment status. This strategic update supports the company's goal of enhancing employee benefits and aligning with its long-term growth ambitions. Investors should monitor developments linked to ESOP 2021 for potential impacts on employee retention and motivation as part of Jubilant Ingrevia's broader business strategy.