Valiant Organics Grants 19,500 Stock Options Under ESOP 2022

Valiant Organics Ltd's Nomination and Remuneration Committee approved the grant of 19,500 employee stock options under the 'Valiant - Employees Stock Option Plan 2022' at an exercise price of ₹10 per option. Each option allows the holder to apply for one equity share of the company with a face value of ₹10. 15,000 options will vest after one year, with the remainder vesting upon achievement of specified performance criteria. The options are exercisable within three years from the vesting date.