Dynamic Cables grants 200,000 employee stock options under 2024 plan

Dynamic Cables Limited has granted 200,000 employee stock options (Options) to eligible employees under its DCL - ESOP 2024 plan. This decision, approved by the nomination and remuneration committee on December 11, 2025, aligns with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Each option represents one equity share with a face value of INR 10/-, and the exercise price is set at INR 324/- per option.

The ESOP 2024 scheme complies with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Options will vest over a period of not less than one year and not more than five years from the grant date, as determined by the nomination and remuneration committee. Once vested, employees have a maximum of three years to exercise their options.

The shares issued upon exercise will be freely transferable, without any lock-in restrictions, except as mandated by applicable laws or regulatory authorities.