Atishay Limited has successfully completed the allotment of 50,250 equity shares to its eligible employees under the Employee Stock Option Plan 2020 (AL-ESOP 2020). The Nomination and Remuneration Committee of the Board of Directors approved this allotment on February 25, 2026, marking a significant milestone in the company's employee incentive program.

Share Allotment Details

The allotment comprises 50,250 fully paid-up equity shares with a face value of Rs. 10 per share. The exercise price was set at Rs. 10 per share with no premium, resulting in total proceeds of Rs. 5,02,500 for the company.

Impact on Share Capital

Following this allotment, Atishay Limited's capital structure has been enhanced significantly. The company's issued and paid-up equity share capital now stands at Rs. 11,03,15,830, divided into 1,10,31,583 equity shares of Rs. 10 face value each.

ESOP Scheme Overview

The AL-ESOP 2020 scheme originally granted 250500 stock options to eligible employees. The scheme operates under the regulatory framework of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, ensuring compliance with all applicable guidelines.

Regulatory Compliance

The company has obtained necessary regulatory approvals for the ESOP scheme. BSE Limited provided in-principle approval through reference number DCS/FL/PB/ESOP-IP/1073/2020-21 dated March 8, 2021. The newly issued shares rank pari-passu with existing equity shares and carry identical rights and privileges.

The vesting of options commences after two to three years from the grant date, with all vested options required to be exercised within three years of their respective vesting dates. This structure ensures long-term employee retention while aligning their interests with company performance.

Atishay Limited has secured an additional work order worth ₹33.67 lakhs from the Government of Maharashtra for printing PVC Ayushman Cards, reinforcing its position as a preferred partner for government welfare initiatives. The order was announced through a regulatory filing under SEBI Regulation 30.

Contract Details and Scope

The work order has been awarded by the Government of Maharashtra's State Health Assurance Society (SHAS) under the integrated Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana & Mahatma Jyotirao Phule Jan Arogya Yojana. The contract encompasses printing of PVC Ayushman Cards for three districts in Maharashtra State: Satara, Kolhapur, and Sangli.

Operational Requirements

Under the contract terms, the printed PVC cards must be delivered to concerned Taluka Health Officers (THO) and Medical Officers of Health (MOH) of the respective Municipal Corporations. The delivery process must strictly adhere to operational guidelines prescribed by the National Health Authority, New Delhi, ensuring compliance with national healthcare standards.

Broader Business Portfolio

Atishay Limited has established a strong presence in the government healthcare card printing sector, having secured similar work orders across multiple states. The company currently holds contracts for printing and supply of Ayushman Cards in:

• Odisha
• Haryana
• Chhattisgarh
• Maharashtra

This diversified geographical presence demonstrates the company's operational excellence and execution capabilities in handling critical government welfare initiatives.

Strategic Impact

The successive order awards highlight the continued trust reposed by various government authorities in Atishay Limited's capabilities. The company emphasized that this additional contract not only augments its order book but also enhances revenue visibility and strengthens its strategic positioning in the public sector welfare ecosystem. The management remains committed to delivering superior quality outcomes and creating sustained long-term value for all stakeholders.

Regulatory Compliance

The announcement was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, under Regulation 30. The company confirmed that the order does not involve any related party transactions and that promoters have no interest in the awarding entity, ensuring arm's length transaction principles.