Shalby Limited has informed the stock exchanges of a forthcoming Board of Directors meeting, scheduled for Wednesday, May 27, 2026. The intimation was filed pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to both the National Stock Exchange of India Ltd and BSE Limited.

Board Meeting Agenda

The upcoming board meeting has been convened to address key corporate and financial matters. The following items are on the agenda:

Trading Window Closure

In accordance with the company's Code of Conduct for Prevention of Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information, Shalby Limited has notified its designated insiders of the Trading Window closure. The Trading Window for trading in the company's equity shares has been closed from April 1, 2026, and will remain closed until the expiry of 48 hours from the date the financial results are made public.

Filing Details

The board meeting intimation was signed by Tushar Shah, AVP & Company Secretary (Membership No. F7216), on behalf of Shalby Limited. The company is registered at Opp. Karnavati Club, S. G. Road, Ahmedabad – 380 015, Gujarat, India, with CIN: L85110GJ2004PLC044667.

Shalby Limited has notified the stock exchanges of the exercise of 7,000 employee stock options under its Employees Stock Options Scheme – 2021 (ESOS-2021), pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosure was made on May 5, 2026, and was signed by Tushar Shah, AVP & Company Secretary of the company.

Key Details of the Stock Option Exercise

The options were originally granted on February 7, 2024 to an eligible employee and vested on February 7, 2026, following the completion of a two-year vesting period as stipulated under the scheme. All 7,000 vested options were exercised in full on May 5, 2026, within the permissible exercise window of one year from the date of vesting, which extends up to February 7, 2027.

The following table summarises the key parameters of the stock option exercise as disclosed by the company:

Scheme Administration and Structural Terms

The ESOS-2021 is administered by the Nomination and Remuneration Committee (NRC), which also determines the exercise price at the time of granting options. In this instance, the NRC Committee fixed the exercise price at ₹10/- per option. The scheme is compliant with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.

Key structural features of the scheme include:

• Options vest after completion of 2 (two) years from the date of grant
• All vested options must be exercised in a single tranche within 1 year from the date of vesting
• Upon exercise, the Shalby Limited Employees Welfare Trust transfers the requisite number of equity shares to the option grantee
• The grant of options is based on eligibility criteria as defined under the scheme

No Impact on Paid-Up Share Capital

Shalby Limited clarified that the exercise of these 7,000 options will not result in any change in the company's paid-up equity share capital. The equity shares of face value ₹10/- each were sourced from the secondary market and channelised through the Shalby Limited Employees Welfare Trust to the option grantee. The total amount of ₹70,000/- realised from the exercise has been credited to the Shalby Limited Employees Welfare Trust. The diluted earnings per share, pursuant to the issue of equity shares on exercise of options, stands at ₹1.51, based on the company's financials for the nine months ended December 31, 2025.