Radico Khaitan has allotted 33,417 equity shares of Rs. 2 each on May 06, 2026, to eligible employees pursuant to the exercise of stock options under its Employee Stock Option Scheme, 2006 (ESOP 2006). The allotment was approved by the Nomination, Remuneration and Compensation Committee (NRCC) at its meeting held on May 06, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Allotment Details

The shares were allotted in two tranches at different exercise prices, reflecting the terms under which eligible employees exercised their stock options. The newly allotted equity shares rank pari passu with the existing equity shares of the company in all respects. The company has stated that it is in the process of completing other formalities with respect to the issue and listing of the said equity shares.

The key details of the allotment are presented below:

Exercise Price and Premium Breakdown

The 33,417 equity shares were allotted across two sets of stock options exercised at distinct prices. The following table outlines the exercise price and premium applicable to each tranche:

Post-Allotment Share Capital

Following this allotment, the paid-up equity share capital of Radico Khaitan stands as detailed below:

The newly issued shares are identical in all respects to the existing equity shares of the company and shall rank pari passu with them. No lock-in period is applicable to these shares, and no listing fees are payable in connection with this allotment. The disclosure has been disseminated on the company's website at www.radicokhaitan.com/investor-relations/ as required under the applicable regulations.

Radico Khaitan has announced the grant of 60,000 stock options to eligible employees under its Employee Stock Option Scheme, 2006 (ESOP 2006). The Nomination, Remuneration and Compensation Committee (NRCC) of the company approved this grant at its meeting held on May 06, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Key Details of the Stock Option Grant

The options have been granted at a price of Rs. 2,838.07, which reflects a 15% discount to the closing price quoted on the National Stock Exchange of India Limited as on May 05, 2026. Each stock option carries a face value of Rs. 2/- and confers upon the option holder the right to subscribe for 1 (one) fully paid equity share of the company. The total number of equity shares covered under this grant stands at 60,000.

The table below summarises the key parameters of the ESOP 2006 grant:

Vesting Schedule

The vesting of ESOPs is structured based on the employee's tenure with the company as on the grant date:

• Employees who have completed one year of service on the grant date: 33% of options vest upon the first year of the grant date, with the remaining balance vesting equally over the next 3 years.
• Employees who have not completed one year of service on the grant date: 25% of options vest each year over the next 4 years.

The options may be exercised within 3 years from the respective vesting date. The diluted earnings per share pursuant to the issue of equity shares on exercise of options is not applicable at this stage, as the options are yet to be exercised.

Regulatory Disclosure

The intimation has been made in accordance with Regulation 30 of the Listing Regulations and is also being disseminated on the company's investor relations website. The disclosure was signed by Dinesh Kumar Gupta, Senior Vice President – Legal & Company Secretary, on May 06, 2026.