Ion Exchange (India) Limited has executed a Technology Transfer Agreement with MANN + HUMMEL for the manufacture of PVDF Ultrafiltration (UF) membranes and Integrated Membrane Bioreactor (MBR) systems. The agreement was announced pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on April 29, 2026.

Agreement Details

The collaboration encompasses both domestic and international operations. Under the agreement, MANN + HUMMEL will transfer technology for the production of advanced PVDF hollow fiber ultrafiltration membranes with integrated UltraSKID systems, followed by technology transfer for Membrane Bioreactor solutions for deployment in India.

Production and Strategic Benefits

Production will be conducted at Ion Exchange's expanded HYDRAMEM® membrane manufacturing facility in Goa. The agreement includes the transfer of technical know-how, covering manufacturing processes, formulations, and best practices. Ion Exchange will manufacture, undertake system integration, and commercialize PVDF hollow fiber ultrafiltration membranes along with integrated UltraSKID systems based on MANN+HUMMEL's advanced technology.

Expected Benefits and Rationale

The collaboration strengthens Ion Exchange's HYDRAMEM® solutions to offer an integrated portfolio of membrane-based technologies, including Ultrafiltration (UF), Reverse Osmosis (RO) and Membrane Bioreactor (MBR) systems. The strategic partnership aims to enable the delivery of globally benchmarked membrane technology manufactured locally, reduce import dependence, and ensure improved supply reliability with faster delivery timelines for customers.

Regulatory Compliance Details

The agreement has been entered into in the ordinary course of business and is expected to support the Company's long-term strategic and technological objectives. The disclosure was made in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, providing comprehensive details of the strategic technology transfer and manufacturing collaboration.

Ion Exchange (India) Limited has issued a postal ballot notice dated March 18, 2026, seeking member approval for the Ion Exchange (India) Limited – Employee Stock Option Scheme 2026. The notice, submitted to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines four special resolutions requiring shareholder consent.

Proposed Resolutions

The postal ballot seeks approval for four key matters related to the ESOP 2026:

Key Scheme Details

The ESOP 2026 proposes to grant up to 17,00,000 employee stock options, each convertible into one equity share of face value of Re. 1/- each. The scheme will be implemented through an irrevocable employee welfare trust named 'Ion Exchange ESOP Trust'. The shares required for the scheme will be sourced from secondary acquisition, representing approximately 1.16% of the paid-up capital.

The vesting period for options ranges from a minimum of 1 year to a maximum of 4 years from the date of grant. The exercise price will be determined by the Committee, subject to a maximum discount of up to 15% on the market price, but not less than the face value. The exercise period for vested options is a maximum of 4 years from the date of vesting.

Financial Assistance and Eligibility

The company seeks approval to provide financial assistance to the trust, limited to 5% of the aggregate of paid-up capital and free reserves. The loan may be interest-bearing or interest-free, with tenure based on the scheme term, and will be repayable from proceeds of exercise, permitted sale, or transfer of shares.

Eligible participants include employees working in India or outside India, directors (excluding independent directors), and employees of subsidiary companies. Promoters and persons belonging to the promoter group are excluded from eligibility. The maximum options per employee per grant shall not exceed 100,000, with an aggregate limit of 4,00,000 options per employee.

E-Voting Schedule

The remote e-voting facility will be available through NSDL during the following period:

The postal ballot notice is being sent electronically to members whose email addresses are registered with the company, its Registrar and Transfer Agent, or Depository Participants as on the cut-off date of Friday, April 17, 2026. The notice and e-voting instructions are available on the company's website and NSDL's e-voting portal.