Jubilant FoodWorks Limited has announced the grant of stock options to eligible employees under three Employee Stock Option Schemes following a meeting of its Nomination, Remuneration and Compensation Committee on February 10, 2026. The committee meeting, which commenced at 1:45 p.m. and concluded at 2:20 p.m., approved the distribution of a total of 224,148 stock options across the company's three active ESOP schemes.

Stock Option Grant Details

The company granted stock options under three distinct schemes, each with specific terms and conditions. The distribution reflects the company's commitment to employee participation in its growth through equity-based compensation.

Pricing and Conversion Terms

The exercise price for ESOP 2011 was set at Rs. 548 per stock option, based on the closing market price of the company's equity share on NSE on February 09, 2026, which was Rs. 548.35, rounded off to Rs. 548. In contrast, both ESOP 2016 and ESOP 2025 carry a nominal exercise price of Rs. 2 per stock option as approved by the NRC.

Each stock option across all three schemes is convertible into one equity share of the company having a face value of Rs. 2, subject to adjustments for any corporate actions as mentioned in the respective ESOP schemes.

Vesting and Exercise Schedules

The three schemes feature different vesting patterns tailored to their specific objectives:

ESOP 2011 Vesting Schedule:

• 20% on the first anniversary of grant
• 30% on the second anniversary of grant
• 50% on the third anniversary of grant
• Exercise period: Seven years from the first vesting date

ESOP 2016 and ESOP 2025:

• 100% vesting allowed between one to three years from grant date
• Exercise period: Not earlier than one year from the vesting date, as approved by NRC

Regulatory Compliance

All three schemes comply with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The grants were made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance.

The detailed information regarding these stock option grants has been made available on the company's website at www.jubilantfoodworks.com under the Investor Relations section, providing transparency to stakeholders and investors.

Jubilant FoodWorks Limited has announced receipt of a favorable appellate order from the Income Tax Appellate Tribunal for Financial Year 2020-21. The tribunal has declared the assessment order void ab initio on grounds of being time-barred, marking a significant development in the company's ongoing tax proceedings.

Appellate Tribunal Decision Details

The Income Tax Appellate Tribunal's order, received on February 5, 2026, represents a favorable outcome for the food services company. The tribunal's decision to declare the assessment order void ab initio on time-barred grounds provides relief to Jubilant FoodWorks, though the order remains subject to further appellate remedy available with the other party.

Background and Previous Developments

This appellate order follows the company's earlier disclosure in December 2025 regarding a rectification order that significantly reduced the tax demand. The rectification order had lowered the tax demand from Rs.216.19 crores to Rs.190.21 crores for FY 2020-21, as communicated through the company's intimation letter dated December 5, 2025.

Regulatory Compliance and Disclosure

Jubilant FoodWorks has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has provided comprehensive details of the appellate order through Form A and additional annexures as required by regulatory guidelines.

Current Status and Implications

The tribunal's favorable decision declaring the assessment order void ab initio provides significant relief to Jubilant FoodWorks. However, the company has noted that the order remains subject to further appellate remedy available with the other party, indicating potential for additional proceedings. The company has stated that there are no expected financial implications, penalties, or sanctions arising from this communication, and no specific actions are required at this stage.