Ester Industries has granted 19,188 stock options to its Chief Marketing Officer under the company's Employee Stock Option Plan 2024, as announced through a regulatory filing on January 8, 2026. The grant was approved by the Nomination and Remuneration Committee through a resolution passed by circulation.

Stock Option Grant Details

The following table summarizes the key parameters of the stock option grant:

Pricing and Exercise Terms

The stock options have been priced at ₹79.00 per option, which represents a 20% discount to the fair market value. The fair market value was determined based on the closing price of ₹98.81 on January 7, 2026, on the National Stock Exchange of India Limited, where higher trading volumes were recorded.

Each option, upon exercise, will result in the issuance of one equity share of the company. The options carry a maximum exercise period of five years from the date of respective vesting, providing flexibility to the option holder.

ESOP 2024 Framework

The Employee Stock Option Plan 2024 is administered by the Nomination and Remuneration Committee and complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The scheme includes specific eligibility criteria for participation:

Eligible Participants

• Employees working exclusively in India or outside India
• Directors of the company (excluding independent directors)
• Employees of subsidiary or holding companies

Exclusions

• Promoters or promoter group members
• Directors holding more than 10% of outstanding equity shares

Vesting Requirements

The stock options will vest within a maximum period of five years from the date of grant, with specific vesting schedules to be outlined in individual grant letters. The plan mandates a minimum period of one year between the grant date and vesting of stock options, ensuring alignment with regulatory requirements.

The company has filed the requisite disclosures under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, maintaining transparency with stakeholders regarding this employee incentive initiative.

Ester Industries Limited , a prominent player in the Indian manufacturing sector, has recently witnessed a significant internal share transfer within its promoter group. The transaction, executed through a block deal mechanism, involved the transfer of 1,876,000 equity shares from Arvind Singhania to MOVI Limited.

Key Details of the Share Transfer

Impact on Ownership Structure

This internal transfer has been structured in a way that maintains the status quo of the company's ownership. Here are the crucial points to note:

• The overall promoter group shareholding remains unchanged at 62.73%.
• There is no alteration in the aggregate ownership structure of the company.

Significance of the Transaction

This share transfer represents a strategic move within Ester Industries' promoter group. While such internal transfers are not uncommon in corporate structures, they often reflect ongoing efforts to optimize shareholding arrangements or align with long-term business strategies.

It's important to note that this transaction does not impact the company's operations or its public shareholders. The stability in the overall promoter group shareholding suggests a continuity in the controlling interests of Ester Industries Limited.

Investors and market watchers may view this development as a routine corporate action that reinforces the existing ownership dynamics within the company. As always, stakeholders are advised to consider such moves in the broader context of the company's performance and market position.