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| Exchange Disseminated Time 28/10/2015 09:38:55 | Jubilant Life Sciences Ltd has informed BSE that the Jubilant Employees Welfare Trust (the "Trust") had un-appropriated inventory of 29,65,766 equity shares of the Company of Re. 1 each as on October 28, 2014 which was not backed by grant of options.
Further, as per the provisions of Jubilant Employees Stock Option Plan 2005 ("Plan 2005") read with the Scheme of Amalgamation and Demerger between the Company, Speciality Molecules Limited, Pace Marketing Specialities Limited and Jubilant Industries Limited ("JIL"), the option holders under Plan 2005 are also entitled to one equity share of Rs. 10 each of JIL for every 20 equity shares of Re. 1 each of the Company to be issued on exercise of the options.
In view of above, the Trust was also holding the un-appropriated inventory of 1,60,130 equity shares of JIL of Rs. 10 each on October 28, 2014 which was not backed by grant of options. |
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