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Indus Towers Limited · INDUSTOWER
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Indus Towers Limited has informed the Exchange regarding the grant of stock options to 144 eligible employees under the Employee Stock Option Scheme 2014. The options are performance-based and can increase up to 120% of the target vesting. The vesting schedule is 30% at the end of the 1st year, 30% at the end of the 2nd year, and 40% at the end of the 3rd year. The options can be exercised within 7 years from the vesting date.
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Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment5/10
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Indus Towers Limited has informed the Exchange regarding grant of stock options
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BHARTIINFRATEL_27072026200407_SEIntimationESOP27072026.pdf
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July 27, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block – G, Bandra Kurla
Dalal Street, Mumbai - 400001 C o m p l e x , Bandra (E), Mumbai - 400051
Ref.: Indus Towers Limited (‘the Company’) (534816/ INDUSTOWER)
Sub.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (‘Listing Regulations’) - Intimation w.r.t. Grant of Stock Options
Pursuant to Regulation 30 of the Listing Regulations read with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 and in terms of the provisions of
SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended from time to time,
we wish to inform that HR, Nomination and Remuneration Committee of the Company in its meeting held
today i.e., July 27, 2026 has approved the following performance-based grants under the Employee Stock
Option Scheme 2014 to the eligible employees of the Company. Further, pursuant to the provisions of
Regulation 19(4) of the Listing Regulations, on the recommendation of HR, Nomination and Remuneration
Committee, the Board in its meeting held today i.e., July 27, 2026 has also approved the grants to the eligible
employees falling in the category of Senior Management:
S. No. Particulars Details
1. Brief details of options granted Grant of 8,13,968 stock options to 144 eligible employees
of the Company. (Subject to satisfaction of the
performance criteria, the vesting of stock options can
increase up to 120% of the target vesting.)
2. Whether the Scheme is in terms of Yes
SEBI (Share Based Employee
Benefits and Sweat Equity)
Regulations, 2021 (if applicable)
3. Total number of shares covered by 8,13,968 equity shares (each stock option is convertible
these options into 1 equity share of face value of Rs. 10/‐ each).
4. Pricing formula/ Exercise Price Rs. 10/‐
5. Options vested/ Vesting Schedule • At the end of the 1st year from the Grant Date - 30%
• At the end of the 2nd year from the Grant Date - 30%
• At the end of the 3rd year from the Grant Date - 40%
Indus Towers Limited
Registered & Corporate Office: Building No. 10, Tower A, 4th Floor, DLF Cyber City, Gurugram - 122002, Haryana I Tel: +91-124-4296766 Fax: +91-124-4289333
CIN: L64201HR2006PLC073821 I Email: compliance.officer@industowers.com I www.industowers.com
6. Time within which option may be 7 years from the Vesting Date.
exercised
Note: The requirements under Clause 10 (g) to (n) of Para B of Part A of Annexure 18 of the said SEBI
Circular is not applicable in this case.
The Board Meeting commenced at 02:40 p.m. (IST) and concluded at 05:45 p.m. (IST).
Kindly take the same on record.
Thanking you,
Yours faithfully,
For Indus Towers Limited
Samridhi Rodhe
Company Secretary & Compliance Officer
Indus Towers Limited
Registered & Corporate Office: Building No. 10, Tower A, 4th Floor, DLF Cyber City, Gurugram - 122002, Haryana I Tel: +91-124-4296766 Fax: +91-124-4289333
CIN: L64201HR2006PLC073821 I Email: compliance.officer@industowers.com I www.industowers.com