Walchandnagar Industries Limited’s Board has approved the amendment of the registered office clause within its Memorandum of Association, a change that will define the company's location within the State of Maharashtra. The decision, taken during a meeting held on July 01, 2026, aims to update the corporate charter regarding the registered office. This modification is not immediately effective and requires the approval of the company's members at the ensuing Annual General Meeting.

The meeting, which commenced at 05:22 p.m. and concluded at 06:00 p.m., was conducted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to the National Stock Exchange of India Ltd. and BSE Ltd. to inform stakeholders of the board's decision.

Key Board Decisions

The Board's approval specifically targets the substitution of the existing registered office clause. The revised text replaces the previous provision with a specific geographical scope.

The filing was signed by G. S. Agrawal, Whole Time Director & Company Secretary, confirming the Board's resolution. The company awaits the shareholder vote to finalize the amendment process.

Walchandnagar Industries Limited has granted 20,000 stock options to an eligible employee under its WIL - Employees Stock Option Plan 2020 (ESOP - 2020). The options, priced at Rs 2 each, are convertible into 20,000 equity shares with a face value of Rs 2 each. The grant was approved by the company's Nomination & Remuneration Committee on July 01, 2026.

The ESOP 2020 scheme was initially approved by shareholders on August 14, 2020, under the SEBI (Share Based Employee Benefits) Regulations, 2014, and is now governed by the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Fresh equity shares will be issued upon the exercise of vested options.

Vesting of the options is contingent upon continued employment and the fulfillment of performance parameters. The 20,000 options will vest in a staggered schedule over five years from the grant date.

Vesting Schedule

Once vested, the options can be exercised within a period of three years from the respective vesting dates. The disclosure was made to the National Stock Exchange of India Ltd and BSE Ltd in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.