|
| Exchange Disseminated Time | Visa Steel Ltd has informed BSE that this has reference the previous communications made by the Company intimating the cancellation of Stock options. Pursuant to the provisions of Clause 25 of the Listing Agreement, the Company hereby intimate that the Company has cancelled the following Options granted to the employees:
Month & Year : January 2015
No. of Options under ESOP Scheme 2010 : Nil
Month & Year : February 2015
No. of Options under ESOP Scheme 2010 : 10,777
Month & Year : March 2015
No. of Options under ESOP Scheme 2010 : Nil
Hence, the total number of Stock Options cancelled till 31 March 2015 is 393,895.
As per the ESOP Scheme 2010, the Stock Options that expire / lapse / get cancelled shall become available for future grants, subject to compliance with all the Applicable Laws. |
|
|