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| Exchange Received Time 20/06/2017 14:25:16 Exchange Disseminated Time 20/06/2017 14:25:42 Time Taken 00:00:26 | Sub: Granting of Options under the Employee Stock Grant Scheme 2011
In terms of Employee Stock Grant Scheme 2011 (ESGS 2011), the Nomination & Remuneration Committee vide its resolution dated June 19, 2017 has approved the granting of 55,385 Stock Grants to the eligible employees of the Company.
In terms of the above scheme, one stock grant represents one equity share of the Company. The equity shares shall vest in the employees on the dates as given hereunder.
No. of Grants Vesting Date
18,459 June 19, 2018
18,459 May 31, 2019
18,467 May 31, 2020
The eligible employees shall be entitled to exercise the options vested in them, within one month from the date of vesting or such dates as may be determined by the Nomination & Remuneration Committee.
The Exercise Price shall be Re. 1/- per equity share. The equity shares vested in the eligible employees shall be allotted on payment of the Exercise Price. |
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