Hi-tech gears Limited has announced the grant of employee stock options under its Stock Incentive Plan 2021, marking another step in the company's employee retention and motivation strategy. The Nomination and Remuneration Committee of the Board of Directors approved this grant during their meeting held on February 24, 2026.

Stock Option Grant Details

The committee has approved the allocation of 12,318 stock options to eligible employees of the company. These options are granted under "The Hi-Tech Gears Limited Stock Incentive Plan, 2021," which operates in compliance with SEBI regulations.

Vesting and Exercise Framework

The stock options follow a structured vesting schedule designed to encourage long-term employee commitment. The vesting occurs over a four-year period with a specific distribution pattern that ensures gradual benefit realization.

Vesting Schedule

Employees have the flexibility to exercise their vested options within five years from the date of vesting, providing ample time for strategic decision-making regarding their equity participation.

Regulatory Compliance and Plan Features

The Stock Incentive Plan 2021 adheres to SEBI (SBE) Regulations, 2021, ensuring full regulatory compliance. The plan includes comprehensive provisions addressing various employment scenarios:

• Death and permanent incapacity situations
• Voluntary resignation cases
• Termination circumstances
• Retirement scenarios
• Job abandonment instances

Notably, the equity shares allotted upon exercise of these stock options will not be subject to any lock-in restrictions, providing immediate liquidity options for employees.

Corporate Governance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015. The announcement was communicated to both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited, maintaining transparency with all stakeholders.

Company Secretary and Compliance Officer Naveen Jain signed the regulatory filing, ensuring proper corporate governance protocols were followed throughout the process.

Hi-tech gears Limited has successfully completed the allotment of 20,330 equity shares to its eligible employees under the company's Employee Stock Option Plan. The Nomination and Remuneration Committee approved this allotment on February 24, 2026, marking another milestone in the company's employee incentive program.

Share Allotment Details

The allotment was executed under "The Hi-Tech Gears Limited Stock Incentive Plan, 2021" with specific parameters that benefit employee participation in the company's growth.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital, reflecting the expansion of employee ownership in the organization.

Regulatory Compliance

The company has fulfilled all regulatory requirements for the share allotment process. The newly issued shares carry distinctive numbers from 18793218 to 18813547 and will rank pari-passu with existing equity shares. The shares are issued in demat form under ISIN number INE127B01011.

Committee Meeting Details

The Nomination and Remuneration Committee meeting that approved the allotment commenced at 12:30 Noon and concluded at 12:47 P.M. on February 24, 2026. The committee ensured compliance with SEBI regulations including the Share Based Employee Benefits and Sweat Equity Regulations, 2021, and Listing Obligations and Disclosure Requirements Regulations, 2015.

Stock Exchange Listing

Hi-Tech Gears Limited shares are listed on both major Indian stock exchanges - BSE Limited with scrip code 522073 and National Stock Exchange of India Limited with symbol HITECHGEAR. The company has filed the necessary statements with both exchanges, with filing numbers BSE-140396 and NSE-28733 for the original ESOP plan registration in October 2021.