Jubilant Agri & Consumer Products Limited has successfully completed the allotment of 3,199 equity shares under its Employee Stock Option Plan 2013 on January 6, 2026. The Nomination and Remuneration Committee of the Board of Directors approved this allotment through a circular resolution, enabling eligible employees to exercise their vested stock options.

ESOP Exercise Details

The allotment involved 3,199 equity shares of face value ₹10 each, exercised at two different price points by eligible grantees. The exercise generated ₹11.98 lakh in proceeds for the company, excluding applicable taxes.

Pricing Structure

The ESOP exercise involved shares at two distinct price levels, reflecting different grant periods under the scheme:

Impact on Share Capital

The allotment has resulted in a marginal increase in the company's paid-up share capital. The newly issued shares will rank pari-passu with existing equity shares in all respects.

Lock-in Provisions

Certain newly allotted shares are subject to lock-in restrictions as per regulatory requirements:

• 947 equity shares locked until February 3, 2026
• 592 equity shares locked until February 3, 2027

The company has assigned distinctive numbers from 2,07,57,847 to 2,07,61,045 (both inclusive) to the newly allotted shares, with ISIN number INE03CC01015 for demat issuance. The diluted earnings per share for the quarter ended September 30, 2025, stands at ₹30.40 per share on a standalone basis.

Jubilant Agri & Consumer Products Limited has informed stock exchanges about receiving a GST order demanding recovery of ₹1.95 crore in alleged excess refund, along with penalties totaling ₹19.48 lakh for the period March 2022 to October 2022.

GST Order Details

The Assistant Commissioner, GST, Chittorgarh, Rajasthan issued Order in Original No. 24/2025-GST-AC(D) dated December 15, 2025, which was received by the company at 2:57 PM on the same day. The order pertains to GST refund of Inverted Structure Duty for the specified period.

Background of the Dispute

The demand confirmed in the order relates to recovery of alleged excess GST refund amounting to ₹1.95 crore. According to the company's disclosure, GST authorities had previously sanctioned the refund in favor of Jubilant Agri & Consumer Products. When GST authorities filed an appeal against this refund, it was also decided in the company's favor.

Subsequently, the GST authorities reviewed the appellate order and simultaneously issued a protective show cause notice before passing the current order demanding recovery of the refund amount.

Company's Response Strategy

Jubilant Agri & Consumer Products believes the order is incorrect and has strong grounds to contest it on merits. The company plans to file a detailed appeal before the GST Appellate Authority, challenging the order on substantive grounds.

Financial Impact Assessment

The company has stated that it expects no financial or operational impact from this GST order. This assessment is based on their confidence in successfully contesting the order through the appellate process, given their previous favorable outcomes in related proceedings.

The regulatory disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding this development.