TTK Prestige Limited has inaugurated a new Innovation Centre dedicated to kitchen appliances in Bengaluru on March 20, 2026. The facility has been named the Sri T.T. Jagannathan Innovation Centre, honoring the company's Chairman Emeritus Late Sri T.T. Jagannathan.

Strategic Focus Areas

The newly established innovation centre will concentrate on three key areas that align with the company's growth strategy:

• Design-led and consumer-centric innovation
• Strengthening the company's core technological and product development capabilities
• Validation and scaling of new segment opportunities within the kitchen appliances segment

Investment and Infrastructure Development

The establishment of this innovation centre represents a significant investment in the company's research and development capabilities. TTK Prestige has committed Rs. 15 crores for both the new Bengaluru facility and the ongoing revamp of its existing Research and Development Centre at Hosur, which focuses on kitchenware.

Strategic Alignment and Team Enhancement

This initiative builds upon the company's announcement from February 18, 2025, regarding its commitment to deploy financial resources over a three-year period to achieve overall business excellence. The innovation centre establishment aligns with TTK Prestige's strategic focus on innovation, development of value-added products, and strengthening its long-term competitive position in the kitchen appliances business.

To support these innovation initiatives, the company has also strengthened its innovation team through the induction of additional talent. This human resource enhancement is designed to support both ongoing and future innovation projects across the organization.

Business Impact

The dual approach of establishing a new innovation centre while simultaneously upgrading existing R&D facilities demonstrates TTK Prestige's comprehensive strategy for technological advancement. The Bengaluru centre will serve as a hub for cutting-edge kitchen appliance innovation, while the revamped Hosur facility will continue to focus on kitchenware development with enhanced capabilities.

TTK Prestige Limited's Nomination and Remuneration Committee has approved the grant of 14,372 stock options to eligible employees under the company's Long Term Incentive Plan 2023. The approval was granted through a Circular Resolution on February 16, 2026, as part of the company's employee incentive program.

Stock Option Grant Details

The granted stock options fall under the TTK Prestige Limited - Long Term Incentive (Stock Option) Plan 2023, which was approved by shareholders on March 8, 2023. The plan has reserved 13,86,140 shares for allotment to eligible employees.

Pricing Structure

The exercise price varies based on the type of option granted:

Vesting and Exercise Terms

The stock options will vest over a four-year period in equal installments, subject to fulfillment of grant conditions specified in the plan. The vesting schedule follows a structured approach:

• Year 1: 25% of options vest after completion of first year from grant date
• Year 2: 25% of options vest after completion of second year from grant date
• Year 3: 25% of options vest after completion of third year from grant date
• Year 4: 25% of options vest after completion of fourth year from grant date

Employees must exercise their vested options within two years from the date of vesting. Each stock option is convertible into one fully paid-up equity share with a face value of Re.1/-.

Regulatory Compliance

The stock option scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The grant was disclosed pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure has been made available on the company's website at www.ttkprestige.com , ensuring transparency for stakeholders and regulatory compliance.