STUDDS2026-10-31STUDDS2026-10-31in-capmkt:AtTheTimeOfInstitutingSchemeMemberSTUDDSStudds Accessories Limited544599NOTLISTEDINE00Q601028Options to purchase securities ESOPS (Sub-para 10-Para B)Newtrue2026-10-3117:45:0018:25:002026-10-31At the time of instituting the scheme1,30,000 (One Lakh and Thirty Thousand) Employee Stock Options (‘Options’) granted by Compensation Committee to Eligible Employees of the Company under Studds Accessories Limited Employee Stock Option Scheme 2026 (‘Studds ESOP Scheme 2026’ or ‘ESOP Scheme’ or ‘Scheme’) as ‘ESOP Grant I’. Effective date of Grant: October 31, 2026.true1,30,000 (One Lakh and Thirty Thousand) Equity Shares of the Company having face value of INR 5/- each (Rupees Five each) (each Option is convertible into 1 (One) Equity Share of the Company having face value of INR 5/- each subject to the adjustments, if any, due to any corporate actions in the Company as mentioned in the ESOP SchemeExercise Price is INR 334.90 per option, representing a 15% discount to the closing Market Price of INR 394.00 (as defined in the ESOP Scheme) of the Equity Shares of the Company on NSE on October 30, 2026, being the trading day immediately preceding the Grant Date, i.e. the date of the meeting of Board of Directors / Compensation Committee in which options has been granted, being the relevant date for determination of the Market Price.The Exercise Period for the Vested Options shall be as follows (subject always to the SEBI PIT Regulations, the Company's code of conduct and applicable trading window / pre-clearance requirements): a) Any time after the Vesting Date and within 5 (five) years from the date of vesting of such Options, subject to the Exercise Windows specified in the Grant Letter; and b) In the event of resignation (Good leaver), the maximum Exercise Period available with respect to Vested Options shall be 60 days from the last working day of the Option Grantee.•The ESOP Scheme shall be implemented through the direct route, pursuant to which the Company shall issue and allot the requisite number of Equity Shares to the Eligible Employees upon exercise of the Options, by way of primary issuance and allotment of Shares. The Plan is administered by the Nomination and Remuneration Committee (‘NRC’ or ‘Compensation Committee’). The aforesaid Options shall vest as per the vesting schedule and vesting conditions, as determined by the Compensation Committee at the time of the grant. •ESOP Scheme contemplates the grant of Options to the Eligible Employees, as may be determined by the Compensation Committee, in due compliance with the SEBI SBEB Regulations. After vesting, the Eligible Employees earn a right (but not an obligation) to exercise the vested options within a predefined exercise period and obtain equity shares of the Company, subject to payment of the Exercise Price and satisfaction of tax obligations arising thereon. •The maximum number of Options that may be granted under the ESOP Scheme shall not exceed 2,97,381 Options (representing 0.75% of the paid-up equity share capital of the Company on a post-ESOP (fully diluted)) basis (including such other adjusted figure for any bonus, stock splits or consolidations or other reorganization of the capital structure of the Company as may be applicable from time to time), in aggregate. The number of Options to be granted or maximum options can be granted to an Eligible Employee shall be determined by the Compensation Committee on a case-to-case basis, based on criteria such as designation; Longevity of Service; performance of Employee; performance of Company; or any other criteria as decided by the Compensation Committee time to time, provided that the grant to any Eligible Employee, shall at all times be within the aforesaid aggregate limit. •The minimum vesting period in respect of the Options shall not be less than 1 (one) year and not later than 5 (five) years from the date of grant of Options under the ESOP Scheme subject to the fulfillment of vesting conditions / other conditions as prescribed in the ESOP Scheme and the Grant Letter. •After the Options are converted into equity shares, the Shares shall be freely transferable and will not be subject to any lock in period restriction, except as required under the Applicable Laws including but not limited to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, or the Company's code of conduct / policies framed under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time. •The detailed terms and conditions of the ESOP Scheme are set out in the ESOP Scheme document, which will be available on the website of the Company at www.studds.com under Investor Relations’ SectionNot Applicable at this stage