INDOCO REMEDIES LTD. - Intimation Of Grant Of Stock Options And Restricted Stock Units Under Indoco Remedies Limited Employee Stock Option Plan - 2022

In accordance with the provisions of the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'), we hereby inform you that a meeting of the Nomination and Remuneration Committee of Indoco Remedies Limited (the 'Company') was held today i.e. 24th January, 2023 for grant of 2,95,500 Employee Stock Options ('Options') and 75,000 Restricted Stock Unit ('RSUs') to its eligible employees convertible into equal number of Equity Shares of the Company of face value of Rs. 2/- each, under the Indoco Remedies Limited Employee Stock Option Plan - 2022 ('Plan').