Faze Three received approval under the Production Linked Incentive (PLI) Scheme of the Government of India for its MMF Fabrics and Technical Textiles segment on July 01, 2026. The incentive is payable on incremental sales of eligible products over the base year sales as defined in the PLI Scheme. This approval positions the company to benefit from financial incentives tied to production growth in the specified segments.

The disclosure was made to the exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approval marks a significant regulatory milestone for the company's operations in the technical textiles space.

Key Details of the Approval

The following table outlines the key parameters of the PLI Scheme approval received by the company:

The company confirmed that the incentive structure is directly linked to the sales performance of eligible products compared to the base year. This mechanism is designed to encourage enhanced production capacity and output in the notified sectors.

Faze Three Limited has granted 3,31,154 employee stock options to eligible employees under the Faze Three Employee Stock Option Scheme 2024. The options are exercisable into an equal number of fully paid-up equity shares with a face value of ₹10 each. This approval was granted by the company's Nomination and Remuneration Committee on June 29, 2026, in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The grant is divided into two tranches with distinct pricing and vesting structures. A total of 1,24,000 options have been priced at ₹10 per share, while the remaining 2,07,154 options carry a price of ₹425 per share. The options are issued to align employee interests with company growth and incentivize long-term performance.

Grant and Vesting Details

The vesting schedules differ based on the tranche. The lower-priced options will vest after one year from the date of grant. The higher-priced options will vest over a period of five years from the grant date in equal annual instalments of 20%.

Exercise Terms

The exercise period for the granted options is five years from the date of respective vesting. The scheme is fully compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.