Indigo Paints Grants 44,400 Options Under ESOS

Indigo Paints Ltd's board, in its meeting on May 22, 2026, approved the grant of 44,400 options to eligible employees under the Employee Stock Option Scheme (ESOS) 2019 and ESOS 2024. The exercise price is ₹10 per option, as determined by the Nomination and Remuneration Committee (NRC). The options vest over four years, with vesting percentages ranging from 10% to 40% annually. The options can be exercised within 48 months from the vesting date. This grant is in compliance with SEBI (SBEB) Regulations, 2021.