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| Exchange Disseminated Time | Jyothy Laboratories Ltd has informed BSE that the Compensation Committee of the Board of Directors of the Company has approved the grant of 34,507 Stock Options to an Official of the Company, in terms of Employee Stock Option Scheme 2014 (“ESOS - 2014”). The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Re. 1/- each, the brief terms of which are as under:
1. Vesting: The options shall vest over a period of 4 years on the basis of time and performance.
2. Exercise period: 5 years from the date of vesting of options.
3. Exercise price: Re. 1 per share for 34,507 of stock options. |
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