Ganesha Ecosphere Limited's board of directors has approved the grant of 32,000 Employee Stock Options (ESOPs) to eligible employees of its subsidiary companies. The decision was taken during a board meeting held on May 21, 2026. These options are issued under the Ganesha Ecosphere Employees' Stock Option Scheme 2021 and are convertible into an equal number of equity shares, each with a face value of ₹10.

The pricing for the options involves a discount of 10% to the closing market price of the company's equity share on the National Stock Exchange of India (NSE) as of May 20, 2026, which was the previous trading day. The scheme is administered by the Nomination and Remuneration Committee of the Board of Directors and is implemented through a trust route.

Vesting and Exercise Details

The vesting schedule for the granted options is structured over a period of four years. The options will vest in four equal installments, with 25% of the options vesting on the completion of each year from the date of grant. Once vested, the options are exercisable for a period of one year from the date of respective vesting. Option holders may choose to exercise the options or opt for a cashless exercise mechanism in accordance with the scheme's terms.

Key Terms of the Grant

The following table outlines the specific details regarding the grant of options:

The company clarified that no new equity shares will arise from the exercise of these options, as the scheme is implemented via secondary market acquisition. Consequently, the total number of shares arising as a result of the exercise is not applicable in the context of new issuance.

Ganesha ecosphere Limited has fulfilled its regulatory obligations by submitting the mandatory compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to both BSE Limited and National Stock Exchange of India Limited on April 08, 2026.

Regulatory Compliance Details

The certificate was issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, which governs the dematerialization process of securities. Company Secretary-cum-Compliance Officer Bharat Kumar Sajnani made the submission on behalf of Ganesha Ecosphere Limited.

Registrar Confirmation

Skyline Financial Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate dated April 02, 2026. The registrar certified compliance with two critical requirements under the regulation.

The certification confirms that:

• Securities comprised in the certificates have been listed on the stock exchange where earlier issued securities are listed
• Certificates have been properly mutilated and cancelled after due verification, with the depository name substituted in records as registered owner within the mandated 15-day period

Stock Exchange Information

Ganesha Ecosphere Limited maintains its listing presence on major Indian stock exchanges. The company trades under scrip code 514167 on BSE Limited and symbol GANECOS on the National Stock Exchange of India Limited.

Corporate Governance

This quarterly submission represents part of the company's ongoing commitment to regulatory compliance and corporate governance standards. The timely filing demonstrates adherence to SEBI's requirements for maintaining transparency in the dematerialization process of securities, ensuring investor protection and market integrity.