Inox India Limited has granted 2267 stock options under its Employee Stock Option Plan 2022 to eligible employees, as approved by the company's Nomination & Remuneration Committee on February 12, 2026. The grant was made in compliance with SEBI regulations and represents part of the company's employee benefit initiatives.

Stock Option Grant Details

The committee approved the stock option grant with specific terms designed to align employee interests with company performance. The options carry an exercise price of Rs 2 per equity share and are structured under the Employee Stock Option Plan 2022.

Regulatory Compliance and Framework

The Employee Stock Option Plan 2022 operates in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in its employee benefit programs.

Vesting and Exercise Conditions

The stock options are subject to specific conditions that govern their vesting and exercise:

• Vesting Requirement: Options vest subject to continuation of employment
• Exercise Window: Four years from the date of final vesting
• Lapse Condition: Options not exercised within the exercise period will lapse
• Current Status: Options are yet to be vested and exercised

Key Terms and Provisions

The stock option scheme includes several important provisions designed to ensure proper governance and alignment with regulatory requirements. Only vested options can be exercised within the specified exercise period, and the vesting is contingent upon the employee's continued association with the company.

The disclosure was signed by Jaymeen Patel, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited as part of the company's regulatory compliance obligations.

INOX India Limited (INOXCVA) has reported its strongest quarterly performance to date in Q2 FY26, with consolidated revenue increasing by 16% year-on-year. The company's robust growth was driven by strong order inflows and higher dispatches across key business segments.

Financial Highlights

• Total income reached INR 371.00 crores for Q2 FY26, up 16% year-on-year
• EBITDA grew 18% to INR 92.00 crores
• Profit After Tax (PAT) increased 22.9% to INR 62.00 crores

For the first half of FY26, INOX India achieved its highest-ever half-year results:

• Revenue: INR 723.00 crores
• EBITDA: INR 180.00 crores
• PAT: INR 122.00 crores (20.9% growth)

Order Book and Market Position

The company's order backlog stands at a record INR 1,485.00 crores as of September 30, 2025, reflecting sustained demand visibility. The order book composition highlights INOX India's strong international presence:

• 63% from exports
• 37% from the domestic market

Key Business Developments

Industrial Gas Solutions

• Secured two large 1,500 metric cube cryogenic vessel orders from a leading U.S.-based aerospace company
• Successfully dispatched a unique radial flow thermal swing absorption vessel for Tata Air Separation Project

LNG Solutions

• Received orders for two satellite LNG power station projects from small island nations near the Bahamas
• Experiencing robust demand for LNG vehicle fuel tanks from major OEMs

Cryo Scientific Division

• Obtained two major refurbishment contracts for vacuum vessel thermal shield and cryostat thermal shield repairs

Beverage Kegs Division

• Secured a 30,000 kegs order from a German company
• Actively bidding for over 0.5 million kegs with major global breweries, including Heineken and AB InBev

Future Outlook

INOX India's management expects to achieve its yearly targets, with several large orders anticipated in the second half of FY26, particularly in the cryoscientific and LNG segments. The company's diversified portfolio across LNG, industrial gas, cryo-scientific, and beverage applications positions it strongly for sustained growth.

Management Commentary

Deepak Acharya, CEO of INOX India, stated, "Q2 FY26 and H1 FY26 have been the best performance period in the company's history, making the highest ever sales, highest EBITDA and PAT margins, and record order backlog, reflecting our strong execution capabilities, innovation-led portfolio, and rising global footprint."

As INOX India continues to expand its global customer base and diversify its product offerings, the company remains confident in maintaining its growth trajectory and delivering long-term value for stakeholders.