Options to purchase securities

INDO BORAX & CHEMICALS LTD. Regd. Office: 302, 3rd Floor Link Rose Building, Linking Road, Santacruz <West>, Mumbai - 400054, India. Ph.: 022 26489142 / 47 / 48 • Fax No. 022-26489143 • CIN: L24100MH1980PLC023177 Email: info@indoborax.com • Website: www.indoborax.com Annexure-I Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing and Disclosure Requirements) Regulations, 2015 read with Schedule III and Master Circular: Sr. Particulars Details 1 Brief details of options granted 16,88,950 (Sixteen Lakh Eighty Eight Thousand Nine Hundred and Fifty) options granted to eligible employees under Indo Borax & Chemicals Limited Employees Stock Option Plan, 2026 ("ESOP 2026") 2 Whether the scheme is in terms of SEBI Yes (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (if applicable) 3 Total number of shares covered by these Each ESOP is convertible into one fully options paid-up equity share having face value of Re. 1/- each. The total number of equity shares covered by these options is 16,88,950 (Sixteen Lakh Eighty Eight Thousand Nine Hundred and Fifty) 4 Pricing formula/ Exercise Price As per the ESOP 2026, the exercise price shall be such as may be determined by the Compensation Committee on the date of grant at its discretion from time to time. However, the Exercise Price shall not be less than Face Value of the Equity Shares of the Company and shall not exceed the Market Price of the Equity Shares of the Company as on date of grant. The exercise price determined by the NRC is Re. 1/ - per ESOP 5 Options vested Not Applicable 6 Time within which option may be The exercise period would commence exercised from the date of vesting and will expire on completion of maximum exercise period of 5 years from the date of respective vesting or such other shorter period as may be determined. 7 Options exercised Not Applicable 8 Monev realized by exercise of options Not Applicable 9 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 option Not Applicable 12 Brief details of significant terms The NRC shall administer the ESOP 2026. The Options granted under the ESOP 2026 shall vest not earlier than 1 (one) j year (except in case of death or permanent incapacity) and not later than 5 (five) years from the date of grant of options. Shares arising on conversion of the Options wi.11 rank pari-passu with all existing Equity Shares of the Company. The shares issued upon exercise of the options shall be freely transferable and shall not be subject to any lock-in period restriction after such allotment and credit to the respective demat account. However, such shares shall be subject to such restrictions as may be ?rescr~bed under applicable laws 1 including the Company's Code of Conduct to regulate, monitor and report trading by insiders, under the Securities and Exchange Board of India (Prohibition of Insider Trading), Regulations, 2015, as amended. Each such Option conferring a right upon the I Employee to apply for one Equity Share of the Company of face value of Re. 1/ (Rupee One only), in accordance with the terms and conditions of such issue and subject to the provisions of ESOP 2026. . In case of any corporate action but not limited to stock split, reverse stock split, dividend, combination or reclassification of the Equity Shares, any other increase or decrease i11 the number of issued Equity Shares effected wi i:hout receipt of IL _ _ consideration by the Company, or in the event of a mergery demerger, or sale of all or substantially all the assets of the Company or any other form of a change in Control of the Company, the NRC may make reasonable adjustment to the number of Options and the Exercise Price at its sole discretion. 13 Subsequent changes or cancellation Not Applicable or exercise of such options 14 Diluted earnings per share pursuant Not Applicable to issue of equity shares on exercise of options