Shaily Engineering grants 94,500 employee stock options

On November 8, 2025, Shaily Engineering Plastics Ltd. disclosed the grant of 94,500 stock options to eligible employees under the Shaily Employee Stock Option Plan 2019 ("ESOP 2019"). This decision was approved by the nomination and remuneration committee of the board of directors. Each option corresponds to one equity share of face value INR 2/-.

The ESOP 2019 scheme aligns with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The options will vest in three tranches: one-third after one year, one-third after two years, and the final one-third after three years from the grant date. The exercise period for these options is four years from the date of vesting, with the pricing formula tied to one-third of the market price on the vesting date for each tranche.

This grant contributes to the total options authorized under ESOP 2019. Following a share sub-division from INR 10/- to INR 2/- per equity share on November 23, 2023, the total options to be granted were augmented. The original plan, approved on August 8, 2019, authorized up to 131,570 employee stock options.