Options to purchase securities

PHYSICSWALLAH LIMITED Date: October 01, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051 India Mumbai – 400 001 India Symbol: PWL Scrip Code: 544609 Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) - Grant of Stock Options under Physicswallah Limited Employees' Stock Option Plan 2025. Respected Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, this is to inform you that the Nomination and Remuneration Committee (“NRC”) of Physicswallah Limited (“the Company”) on Thursday, October 01, 2026, through circulation, has approved the grant of 2,82,415 stock options to the eligible employees under Physicswallah Limited Employees' Stock Option Plan 2025 (“ESOP Plan 2025”). The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed herewith as Annexure-A. This disclosure will also be hosted on the Company's website viz https://www.pw.live/investor- relations Request you to kindly take the same on record. Thank you. Yours sincerely, For Physicswallah Limited Ajinkya Jain Group General Counsel, Company Secretary & Compliance Officer Membership No.: A33261 Physicswallah Limited (Formerly known as ‘Physicswallah Private Limited’) Plot No. B-8, Tower A 101-119, Noida One, Noida, Sector 62, Dadri, Gautam Buddha Nagar, Uttar Pradesh - 201309; CIN: L80900UP2020PLC129223; Contact: 0120-6618164; Website: www.pw.live; Email Id: compliance@pw.live PHYSICSWALLAH LIMITED Annexure -A Sl. Particulars Details 2,82,415 stock options granted under ESOP Plan 2025, to the 1. Brief details of options granted eligible employees with effect from October 01, 2026. Whether the scheme is in terms of Yes 2. SEBI (SBEB) Regulations, 2021 (if applicable) Each Stock Option is convertible into one fully paid-up equity Total number of shares covered by share having face value of INR 1 each. these options 2,82,415 equity shares having face value of INR 1 each, are covered by stock options granted. 4. Pricing formula The exercise price shall be INR 1. The Options granted under the aforesaid plan shall vest as per 5. Options vested the schedule determined by NRC and in the manner specified in the grant letter and ESOP Plan 2025. The Stock Options granted shall be exercisable from the respective vesting date during the Option Grantee's continuous Time within which option may be 6. employment with the Company, unless otherwise provided exercised under the ESOP Plan 2025, including upon the occurrence of such events or circumstances as may be specified therein. 7. Options exercised Not Applicable 8. Money realized by exercise of options Not Applicable The total number of shares arising as Not Applicable a result of exercise of option 10. Options lapsed Not Applicable 11. Variation of terms of options Not Applicable ● ESOP Plan 2025 provides for the manner in which options would be dealt with, in case of death, permanent incapacity, resignation, termination, retirement, abandonment etc. ● In case of any corporate action(s) such as rights issue, bonus issue, split or consolidation of equity shares, merger/ amalgamation or sale of division/ undertaking or other reorganization etc., requisite adjustments (which may include adjustments to the number of options in ESOP Plan Brief details of significant terms 2025) shall be appropriately made, in a fair and reasonable manner in accordance with ESOP Plan 2025. ● The equity shares allotted, pursuant to the exercise of the stock options, would not be subject to lock-in. ● Equity Shares arising on the conversion of the Options shall rank pari passu with all the other equity shares of the Company for the time being in issue, from the date of allotment. Physicswallah Limited (Formerly known as ‘Physicswallah Private Limited’) Plot No. B-8, Tower A 101-119, Noida One, Noida, Sector 62, Dadri, Gautam Buddha Nagar, Uttar Pradesh - 201309; CIN: L80900UP2020PLC129223; Contact: 0120-6618164; Website: www.pw.live; Email Id: compliance@pw.live PHYSICSWALLAH LIMITED Subsequent changes or cancellation Not Applicable or exercise of such options Diluted earnings per share pursuant Not Applicable 14. to issue of equity shares on exercise of options Physicswallah Limited (Formerly known as ‘Physicswallah Private Limited’) Plot No. B-8, Tower A 101-119, Noida One, Noida, Sector 62, Dadri, Gautam Buddha Nagar, Uttar Pradesh - 201309; CIN: L80900UP2020PLC129223; Contact: 0120-6618164; Website: www.pw.live; Email Id: compliance@pw.live