Mafatlal Industries has allotted 15,000 equity shares of Rs. 2/- each to an eligible employee following the exercise of stock options under the Mafatlal Employees Stock Option Scheme 2017 (ESOP 2017, 3rd Grant). The allotment was approved by the Share Allotment Committee of the Board of Directors at their meeting held on May 5, 2026.

ESOP Allotment Details

The allotment was carried out at an exercise price of Rs. 36.20 per share, adjusted following the company's share split. The key details of the allotment are presented below:

Impact on Paid-Up Capital

The allotment has resulted in an increase in the company's paid-up equity share capital. The pre- and post-allotment capital structure is as follows:

Background: Share Split and ESOP Scheme Modification

The company had previously received approval from BSE (reference no. DCS/IPO/ST/ESOP-IP/2675/2017-18 dated March 14, 2018) for the listing of 6,95,000 equity shares of Rs. 10/- each to be issued under ESOP Scheme 2017. With effect from November 25, 2022, the equity shares of the company were split from Rs. 10/- each to Rs. 2/- each. Consequent to this split, and as per Clause 3.6 of the Mafatlal Employees Stock Option Scheme 2017, the number of shares granted under ESOP 2017 was modified from 6,95,000 equity shares of Rs. 10/- each to 34,75,000 equity shares of Rs. 2/- each. The exercise price of Rs. 36.20 applicable to the current allotment reflects this post-split adjustment.

Mafatlal Industries Limited has officially confirmed its non-Large Corporate status under SEBI regulations through an initial disclosure filed with BSE on April 17, 2026. The textile company submitted the mandatory compliance report pursuant to SEBI circulars SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023.

Regulatory Compliance Status

The company's disclosure confirms that Mafatlal Industries Limited does not meet the applicability criteria for Large Corporate classification under the specified SEBI circulars. This classification exempts the company from various mandatory borrowing requirements through debt securities that apply to larger corporations.

Financial Position and Credit Rating

As part of the initial disclosure requirements, the company provided key financial details highlighting its current borrowing position and creditworthiness:

Corporate Information

The disclosure includes essential corporate details with Mafatlal Industries Limited's CIN listed as L17110GJ1913PLC000035. The company confirmed its non-applicability status under the Large Corporate framework, which determines mandatory debt securities borrowing requirements for eligible entities.

Authorized Signatories

The disclosure was digitally signed by two key officials on April 17, 2026. Company Secretary Amish Shah signed the document at 15:02:39 +05'30', while Chief Financial Officer Smita Jhanwar provided her digital signature at 15:05:24 +05'30'. Contact details were provided for both officials, with the Company Secretary reachable at 079 26444404 and the CFO at 022 6771 3800.

This initial disclosure fulfills Mafatlal Industries' regulatory compliance obligations under SEBI's Large Corporate framework, confirming the company's exemption from mandatory debt securities borrowing requirements based on the specified criteria.