Piccadily Agro Industries Limited has granted 2,690 stock options to eligible employees under its Employee Stock Plan 2024. The Nomination and Remuneration Committee of the Board of Directors approved this grant during their meeting held on 24.01.2026, as communicated to BSE and NSE under Regulation 30 of SEBI Listing Regulations.

Stock Option Grant Details

The company has provided comprehensive details of the stock option grant as required under regulatory guidelines:

Vesting and Exercise Framework

The stock options operate under a structured timeline designed to align employee performance with company objectives. Options will vest after a minimum period of one year, subject to achievement of service or performance milestones as determined by the Nomination and Remuneration Committee.

The exercise period provides flexibility for employees, commencing from the vesting date and extending up to three years from the relevant vesting date as specified in the Letter of Grant. Each option, upon exercise, entitles the holder to one equity share of Rs. 10.00 each of the company.

Strategic Objectives

The Employee Stock Plan 2024 serves multiple strategic purposes for the organization:

• Performance Recognition: Reward employees for past good performance
• Future Motivation: Incentivize continued excellence and dedication
• Talent Retention: Attract and retain skilled professionals within the organization
• Alignment: Create alignment between employee interests and company growth

Regulatory Compliance

The stock option grant complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has fulfilled all disclosure requirements under Regulation 30 read with Schedule III of the Listing Regulations and SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The intimation has been made available on the company's website and communicated to both BSE (Code: 530305) and NSE (Scrip Code: PICCADIL) for regulatory compliance and investor information.

Piccadily agro industries Limited has completed the allotment of 71,705 equity shares under its Employee Stock Option Plan 2024, following board approval on January 21, 2026. The allotment represents a significant milestone in the company's employee incentive program, providing stock ownership opportunities to eligible employees.

Share Allotment Details

The board of directors approved the allotment during their meeting held on January 21, 2026, which commenced at 10:40 AM and concluded at 12:20 PM. The shares were allotted to eligible employees and grantees pursuant to the exercise of options granted under the Piccadily Agro Employee Stock Option Plan 2024.

Capital Structure Impact

The allotment has resulted in an increase in the company's equity capital structure. Both the issued equity capital and subscribed & paid-up equity capital have increased proportionally following the ESOP exercise.

Regulatory Compliance

The allotment was conducted in compliance with Regulation 30 read with Part A of Schedule III and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has filed the necessary documentation with BSE Limited, receiving application number 215948 on November 13, 2024. The filing with NSE Limited is yet to be completed.

Share Characteristics

The newly allotted equity shares carry the same rights and privileges as existing shares. All equity shares allotted pursuant to the exercise of stock options will rank pari-passu with the existing equity shares of the company. The shares are issued in demat form and do not carry any lock-in restrictions or premium components.

Corporate Communication

The regulatory filing was signed by Niraj Kumar Sehgal, Company Secretary & Compliance Officer, who communicated the allotment details to both BSE Limited and National Stock Exchange of India Limited. The company maintains its registered office in Village Bhadson, Umri-Indri Road, Haryana, with corporate office operations based in Gurugram.