Axita Cotton granted 2,14,930 stock options to eligible employees under the Axita Cotton Employee Stock Option Plan 2023. The Nomination and Remuneration Committee approved the grant at a meeting held on June 9, 2026. The options carry an exercise price of ₹1.82 per option, determined by the committee in accordance with the scheme's regulations.

The scheme is compliant with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each granted option is exercisable into not more than one fully paid-up equity share with a face value of Re. 1. The options are administered by the Nomination and Remuneration Committee and the Board of Directors.

Vested options can be exercised within a maximum period of one year from the date of vesting. Upon exercise, the option holder is entitled to acquire an equal number of equity shares upon payment of the exercise price and applicable taxes. The company confirmed that no options have vested, exercised, lapsed, or varied as of the grant date.

Key Details of ESOP Grant

The intimation was submitted to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company's website.

Axita Cotton Limited has received a formal no-encumbrance declaration from its promoter, Nitinbhai Govindbhai Patel, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration, dated April 3, 2026, confirms that no encumbrance of any kind was created on the equity shares of the company during the financial year ended March 31, 2026.

Declaration Details

The declaration was submitted on behalf of the promoter, other promoters and members of the Promoter Group, and Persons Acting in Concert (PAC). It explicitly states that no encumbrance—whether direct or indirect—was created on the equity shares of Axita Cotton Limited during the relevant financial year. The key details of the submission are outlined below:

Submission Recipients

The declaration was filed with the following authorities:

• BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001
• The National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 051
• Audit Committee, Axita Cotton Limited, Survey No. 324, 357, 358, Borisana, Kadi – Thol Road, Kadi, Mahesana – 382715, Gujarat

Regulatory Context

Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 mandates that promoters and members of the promoter group of listed companies submit an annual declaration confirming whether any encumbrance has been created on their shareholding. This requirement is aimed at ensuring transparency in promoter shareholding patterns and safeguarding the interests of public shareholders. The declaration by Nitinbhai Govindbhai Patel affirms full compliance with this regulatory obligation for the financial year ended March 31, 2026.