ESOP/ESOS/ESPS

HOPPERS TOP SEC/30/2026-27 July 22, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East), Mumbai 400 001. Mumbai 400 051. Stock Code : 532638 Stock Symbol : SHOPERSTOP Dear Sir / Madam, Subject: Allotment and Grant of equity shares under Shoppers Stop Limited Employees Stock Option Plan Pursuant to Regulation 30 of SEBI Listing Regulations, please be informed that the Nomination Remuneration & Corporate Governance Committee (NRCGC) of the Company at its meeting held today i.e., July 22, 2026 has approved: 1. Allotment of 80,916 equity shares of Rs.5/- each, on account of exercise of vested Employee Stock Options by employees under Shoppers Stop Limited Employees Stock Option Plan 2022 (‘SSL Plan 2022’). Post allotment of these shares, the share capital of the Company stands increased to Rs. 55,10,28,310 divided into 11,02,05,662 shares of Rs. 5/- each. The details as required under Regulation 10(c) of Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (SBEB & SE) are given in ‘Annexure -I’ to this intimation. Further, this intimation is in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, however, we wish to clarify that aforesaid allotment of shares is not material in nature to the Company. 2. Grant of 49,950 ESOPs and 24,975 RSUs under SSL Plan 2022, to the eligible employees of the Company. The details as required under Regulation 30 of Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025 CFD-POD2/I/3762/2026 dated January 30, 2026 are given in ‘Annexure -II’ to this intimation The aforesaid NRCGC Meeting commenced at 2:00 pm and concluded at 2:55 pm. We request you to take above information on record. Thank you. Yours faithfully, For Shoppers Stop Limited Rakeshkumar Saini Vice President – Legal, CS & Chief Compliance Officer ACS No: 20257 Confidential Shoppers Stop Limited Registered & Service Office : Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (W), Mumbai 400 064, Maharashtra. T 022- 42497000 CIN : L51900MH1997PLC108798. Email : customercare@shoppersstop.com Website: www.shoppersstop.com Toll Free No.:1800-419-6648 (9 am to 9 pm). HOPPERS TOP ‘Annexure –I’ Disclosure pursuant to Regulation 10(c) of Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (SBEB & SE) Sr. No. Particulars Disclosure 1 Company name and address of Shoppers Stop Limited Registered Office : Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (West), Mumbai- 400 064 2 Name of the recognised Stock • BSE Limited (BSE) Exchanges on which the company's • National Stock Exchange of India Limited (NSE) shares are listed : 3 Filing date of the statement referred in SSL Plan 2022 regulation 10(b) of the Securities and • The Company had received consolidated ‘in-principle’ Exchange Board of India (Share Based approval from BSE vide letter dated June 24, 2022 for Employee Benefits and Sweat Equity) 20,00,000 equity shares (comprising of 13,33,000 ESOPs Regulations, 2021 with the recognised and 6,67,000 RSUs). Stock Exchange : • The Company had received consolidated ‘in-principle’ approval from NSE vide letter dated June 15, 2022 for 20,00,000 equity shares (comprising of 13,33,000 ESOPs and 6,67,000 RSUs). 4 Filing Number, if any : SSL Plan 2022 • BSE: DCS/IPO/TL/ESOP-IP/2384/2022-23 • NSE: NSE/LIST/31360 5 Title of the Scheme pursuant to which Shoppers Stop Limited Employees Stock Option Plan 2022 shares are issued, if any: (SSL Plan 2022) 6 Kind of security to be listed : Equity shares 7 Par value of the shares : Rs. 5/- (Rupees Five) 8 Date of issue of shares : July 22, 2026 9 Number of shares issued : 80,916 10 Share Certificate No., if applicable : Not Applicable 11 Distinctive number of the share, if 11,01,24,747 to 11,02,05,662 (both inclusive) applicable : 12 ISIN Number of the shares if issued in INE498B01024 Demat : Confidential Shoppers Stop Limited Registered & Service Office : Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (W), Mumbai 400 064, Maharashtra. T 022- 42497000 CIN : L51900MH1997PLC108798. Email : customercare@shoppersstop.com Website: www.shoppersstop.com Toll Free No.:1800-419-6648 (9 am to 9 pm). HOPPERS TOP 13 Exercise price per share: Sr. No. of Equity shares Exercise Price per No share (Rs.) 1 80,916 equity shares Rs. 5 Total 80,916 equity shares 14 Premium per share : Sr. No. of Equity shares Premium Price per No share (Rs.) 1 80,916 equity shares Rs. 0 Total 80,916 equity shares 15 Total issued shares after this issue : 11,02,05,662 Equity shares 16 Total issued share capital after this issue: Rs. 55,10,28,310 17 Details of any lock-in on the shares : Not Applicable 18 Date of expiry of lock-in : Not Applicable 19 Whether shares are identical in all All equity shares of the Company allotted pursuant to respects to existing shares? If not, when exercise of stock options shall be rank pari-passu with the will they become identical? : existing equity shares of the Company. 20 Details of listing fees, if payable : Not Applicable Confidential Shoppers Stop Limited Registered & Service Office : Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (W), Mumbai 400 064, Maharashtra. T 022- 42497000 CIN : L51900MH1997PLC108798. Email : customercare@shoppersstop.com Website: www.shoppersstop.com Toll Free No.:1800-419-6648 (9 am to 9 pm). HOPPERS TOP ‘Annexure – II’ Details as required under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025 CFD-POD2/I/3762/2026 dated January 30, 2026: Sr. No. Particulars Details 1 Brief details of options granted 49,950 ESOPs and 24,975 RSUs are granted to eligible employees under SSL Plan 2022 by the NRCGC at its Meeting held on July 22, 2026. 2 Whether the scheme is in terms of the Yes Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ('SBEB & SE Regulations'), if applicable 3 Total number of shares covered by 74,925 Equity Shares (49,950 ESOPs and 24,975 RSUs of the these options Face Value of Rs.5/- each to be issued against 74,925 Stock Options in aggregate, under SSL Plan 2022.) 4 Pricing Formula/ Exercise Price The exercise price of each ESOP shall be Rs. 337/- per option (being the 6 months’ average of daily opening and closing price of Shares on the recognized Stock Exchange having highest trading volume on which the Shares of the Company are listed on the date immediately prior to the Grant Date). The exercise price of each RSU shall be the Rs.5/- per option, being the face value of the underlying share as on the date of such grant 5 Options Vested ESOP’s • Vesting Schedule: 49,950 ESOPs granted, to vest as follows: – 1st year from date of grant – 25% – 2nd year from date of grant – 25% – 3rd year from date of grant – 25% – 4th year from date of grant – 25% • Criteria of vesting: Continued employment/ service with the Company on the relevant date of Vesting; and achievement of certain milestones decided by the Committee apart from this Committee may also specify certain other performance criteria. Confidential Shoppers Stop Limited Registered & Service Office : Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (W), Mumbai 400 064, Maharashtra. T 022- 42497000 CIN : L51900MH1997PLC108798. Email : customercare@shoppersstop.com Website: www.shoppersstop.com Toll Free No.:1800-419-6648 (9 am to 9 pm). HOPPERS TOP RSU’s • Vesting Schedule: 24,975 RSUs granted, to vest as follows: – 2nd year from date of grant – 15% – 3rd year from date of grant- 35% – 4th year from date of grant – 50% • Criteria of vesting: Continued employment/ service with the Company on the relevant date of Vesting; and achievement of certain milestones decided by the Committee apart from this Committee may also specify certain [Showing first 8,000 characters — download PDF for full document]