INOX India promoters Siddharth Jain and Ishita Jain have acquired 53,91,300 equity shares through transmission following the demise of Late Mr. Devendra Kumar Jain. The acquisition was disclosed through official SEBI filing under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, with the disclosure filed on February 18, 2026.

Share Transmission Details

The shares were transmitted without consideration upon the demise of Late Mr. Devendra Kumar Jain, who originally held the shares jointly with the acquiring promoters. The transmission falls under the exemption provided in Regulation 10(1)(g) of SAST Regulations as it constitutes an inter-se transfer among promoter group members.

Joint Holding Structure

The transmitted shares were originally held in two separate demat accounts with Late Mr. Devendra Kumar Jain as the primary holder and the acquiring promoters as joint holders.

Shareholding Pattern Changes

The transmission resulted in changes to individual promoter holdings while maintaining the overall promoter group stake at 75.00% of the company's paid-up equity share capital.

Regulatory Compliance

The transaction was filed with BSE Limited (Scrip Code: 544046) and National Stock Exchange of India Limited (Symbol: INOXINDIA). Since the transmission qualifies as an inter-se transfer among promoter group members, the aggregate shareholding of the entire promoter and promoter group remains unchanged at 6,80,72,625 equity shares, representing 75.00% of the company's paid-up equity share capital.

Company Capital Structure

INOX India's total share capital stands at 9,07,63,500 equity shares with a face value of Rs. 2.00 per share. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited, maintaining its dual listing status.

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.