SEQUENT SCIENTIFIC LTD. - Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations & Disclosure Requirements) Regulations, 2015

The Nomination and Remuneration Committee of the Board of Directors, has granted 5,00,000 Class A Options to Mr. P V Raghavendra Rao, Chief Financial Officer of the Company under 'SeQuent Scientific Limited Employee Stock Option Plan 2020' at an exercise price of Rs. 86/- (Rupees Eighty-Six Only) per option which are effective from his date of joining, i.e., July 25, 2022. The said options are convertible into equivalent number of equity shares of Rs. 2/- each of the Company, on exercise. The vesting period of these options is in a phased manner over a period of 5 years and on vesting, is exercisable within a period of 1 (one) year from the date of vesting.