Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

• Security Code: 517380
• Company: IGARASHI

This is to inform that the following stock options under the 'The Igarashi Motors Employees Stock Option Scheme 2017' granted to certain Key Managerial Personal and other eligible employees by the Nomination and Remuneration Committee. The date of grant of these stock options is May 22, 2018 and the exercise price will be Rs. 650/- per share.

Particulars of stock options granted are as follows:
Grantee No. of options granted Data of grant Vesting schedule
Mr. R Chandrasekaran, CFO (KMP) 25,000 May 22, 2018 Over a period of two years
Mr. P Dinakara Babu, Company Secretary (KMP) 9,000 May 22, 2018 Over a period of two years
Other Eligible Employees 4,73,600 May 22, 2018 Over a period of two years
Total 5,07,600
This is for your kind information and records.