ESOP/ESOS/ESPS

NITCO/SE/2026-27/19 July 06, 2026 Corporate Service Department The Listing Department BSE Limited National Stock Exchange of India Limited Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Bandra Dalal Street, (E), Mumbai – 400 001 Mumbai – 400 051 Script code: 532722 Script code: NITCO Dear Sir/Madam, Subject: Allotment of 50,000 Equity Shares of ₹10/- each, in lieu of exercise of 50,000 Employee Stock Options (“ESOPs”) granted to the eligible employee of the Company in terms of NITCO - Employees Stock Option Plan 2019(“Plan”) ln terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”) read with Schedule III to the Listing Regulations, we wish to inform you that the Board of Directors, vide circular resolution dated July 06, 2026, have considered and approved the allotment of 50,000 Equity Shares of face value of ₹10/- each towards the exercise of vested Employee Stock Options under the NITCO - Employee Stock Option Plan 2019, to the eligible grantee. Consequent to the aforesaid allotment, issued, subscribed and paid-up equity share capital of the Company stands increased from ₹ 3,905,16,1050 (divided into 24,05,16,105 equity shares of face value of ₹10/- each and 15,00,00,000 preference shares of face value of ₹ 10/- each) to ₹39,05,66,1050/- (divided into 24,05,66,105 equity shares of face value of ₹10/- each and 15,00,00,000 preference shares of face value of ₹10/- each). The details pursuant to Regulation 30 of the Listing Regulations read with SEBI Circular no. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 and Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 w.r.t. of the equity shares allotted under NITCO - Employee Stock Option Plan 2019, are given in Annexure-A and Annexure-B, respectively. Kindly take the above information on your record. Thanking You, Yours Sincerely For NITCO Limited Vivek Talwar Chairman & Managing Director DIN: 00043180 Encl: As above Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in Annexure- A The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular no. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are as under: Sr. Particulars Details 1 Brief details of options granted The present instance is for allotment of equity shares upon exercise of 50,000 ESOPs under NITCO - Employee Stock Option Plan, 2019. 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 The present disclosure is in respect of allotment of these options 50,000 equity shares of face value of ₹10/- each. 4 Pricing formula Not applicable at this stage. 5 Options vested The Options granted under the aforesaid plan vest as per the schedule determined by the Nomination and Remuneration Committee, in the manner specified in the grant letter and under scheme. The present instance of allotment of equity shares is 50,000 (Fifty Thousand) options which were granted on July 8, 2019. 6 Time within which option may be The vested options can be exercised at any time from exercised the respective date(s) of vesting, as per the terms of grant. The Exercise period shall not be more than 7 years from the date of respective vesting of options and as mentioned in the plan. 7 Options exercised 50,000 (Fifty Thousands Only). 8 Money realized by exercise of options ₹19,77,500/- (Rupees Nineteen Lakhs Seventy Seven Thousand Five Hundred Only) excluding any taxes. 9 The total number of shares arising as 50,000 (Fifty Thousand) equity shares of face value a result of exercise of option of ₹10/- each. 10 Options lapsed Not applicable. 11 Variation of terms of options Not applicable. Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in 12 Brief details of significant terms As per NITCO - Employee Stock Option Plan, 2019. 13 Subsequent changes or cancellation Not applicable. or exercise of such options 14 Diluted earnings per share pursuant Rs. 1.41 to issue of equity shares on exercise of options Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in Annexure – B Information as required under Regulation 10(c) read with Part - E of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 are as under: Sr. No. Particulars Details 1 Company name and address of Registered Office Nitco Limited 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. 2 Name of the recognized Stock Exchanges on BSE Limited (BSE) which the company's shares are listed National Stock Exchange of India Limited (NSE) 3 Filing date of the statement referred in regulation Not applicable, as the Company 10(b) of the Securities and Exchange Board of had already obtained in-principle India (Share Based Employee Benefits and Sweat approvals from BSE and NSE prior Equity) Regulations, 2021 with the recognized to the introduction of the Securities Stock Exchange and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. 4 Filing Number, if any Not Applicable 5 Title of the Scheme pursuant to which shares are NITCO - Employee Stock Option issued, if any Plan, 2019. 6 Kind of security to be listed Equity Shares Par value of the shares ₹10/- per Equity Share Date of issue of shares July 06, 2026 9 Number of shares issued 50,000 (Fifty Thousands) Equity Shares Share Certificate No., if applicable Not Applicable (shares are 10 allotted in dematerialized form) 11 Distinctive number of the share, if applicable to 24,05,16,106 to 24,05,66,105 (both inclusive) ISIN Number of the shares if issued in Demat INE858F01012 13 Exercise price per share For 50,000 (Fifty Thousand) options which were granted on July 8, 2019 the exercise price is Rs. 39.55/- per share 14 Premium per share For 50,000 (Fifty Thousand) options which were granted on July 8, 2019 the premium is ₹ 29.55/- per share. 15 Total issued shares after this issue 39,05,66,105 (divided into 24,05,66,105 equity shares of face Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in value of ₹10/- each and 15,00,00,000 preference shares of face value of ₹ 10/- each). 16 Total issued share capital after this issue ₹3,90,56,61,050/- 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 respects to All equity shares allotted pursuant existing shares? to exercise of stock options shall If not, when will they become identical? rank pari-passu and are identical in all respect with the existing equity shares of the Company. 20 Details of listing fees, if payable Not Applicable Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in