ESOP/ESOS/ESPS

PHYSICSWALLAH LIMITED Date: June 20, 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 Scrip Code: 544609 Symbol: PWL Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)- Allotment of 44,94,276 Equity Shares pursuant to Exercise of Stock Options. Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, this is to inform you that the Board of Directors of Physicswallah Limited (“the Company”) vide circular resolution dated June 20, 2026 has approved the allotment of 44,94,276 (Forty-Four Lakh Ninety-Four Thousand Two Hundred Seventy-Six) fully paid-up equity shares of face value Re. 1/- each upon exercise of vested stock options by eligible employees under the Physicswallah Limited Employees' Stock Option Plan, 2022 (“ESOP Plan 2022”). The said equity shares shall rank pari passu with the existing equity shares of the Company in all respects. Consequent to the aforesaid allotment, the paid-up share capital of the Company shall stand increased from Rs. 2,89,63,92,376 to Rs. 2,90,08,86,652. The details required to be furnished under Regulation 30 of SEBI Listing Regulations read with SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, (“Master Circular”) has been attached as an 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. 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: U80900UP2020PLC129223; Contact: 0120-6618164; Website: www.pw.live; Email Id: compliance@pw.live PHYSICSWALLAH LIMITED Annexure-A Sl. Particulars Details 1 Brief details of options granted The present event pertains to the allotment of 44,94,276 (Forty-Four Lakh Ninety-Four Thousand Two Hundred Seventy-Six) fully paid-up equity shares of the Company, each having a face value of INR 1 (Indian Rupee One), pursuant to the exercise of vested options under the ESOP Plan 2022. 2 Whether the scheme is in terms of SEBI Yes (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 3 Total number of shares covered by these 44,94,276 equity shares of face value of INR 1 options (Indian Rupee One) each are covered by stock options granted including requisite adjustment pursuant to corporate actions as provided under the ESOP Plan 2022. 4 Pricing formula / Exercise Price The exercise price shall be INR 1 (Indian Rupee One) per stock option. 5 Options vested Not Applicable 6 Time within which option may be The vested options can be exercised at any time exercised from the respective date(s) of vesting, as per the terms of grant. 7 Options exercised In the present event, 12,48,410 options are exercised under the ESOP Plan 2022. 8 Money realized by exercise of options INR 12,48,410/- 9 The total number of shares arising as a Pursuant to the exercise of 12,48,410 stock options, result of exercise of option the total equity shares underlying the stock options granted, including adjustments on account of corporate actions as per the ESOP Plan 2022, aggregate to 44,94,276 equity shares. 10 Options lapsed Not Applicable 11 Variation of terms of options Not Applicable 12 Brief details of significant terms  ESOP Plan 2022 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 2022) shall be appropriately made, in a fair and reasonable manner in accordance with ESOP Plan 2022. 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: U80900UP2020PLC129223; Contact: 0120-6618164; Website: www.pw.live; Email Id: compliance@pw.live PHYSICSWALLAH LIMITED  Pursuant to the bonus issue of 35 equity shares for every 1 equity share approved by the Board on March 4, 2025, and by the shareholders on March 5, 2025, appropriate adjustments were made to the options exercised under ESOP Plan 2022, in accordance with the terms of the said plan.  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. 13 Subsequent changes or cancellation or 12,48,410 Exercise of Options exercise of such options 14 Diluted earnings per share pursuant to Rs. (0.15) issue of equity shares on exercise of options The diluted earnings per share (DEPS) presented above is calculated based on the financial statements for the financial year ended March 31, 2026, and reflects the full dilutive effect of the shares issued upon the exercise of the 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: U80900UP2020PLC129223; Contact: 0120-6618164; Website: www.pw.live; Email Id: compliance@pw.live