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| Exchange Disseminated Time | Visa Steel Ltd has informed BSE that the Company has cancelled the following Options granted to the employees :
1. Month & Year : October 2012
No. of Options under ESOP Scheme 2010 : 18,750
2. Month & Year : November 2012
No. of Options under ESOP Scheme 2010 : 6250
3. Month & Year : December 2012
No. of Options under ESOP Scheme 2010 : NIL
Total : 25,000
Hence, the total number of Stock Options cancelled till December 31, 2012 are 255,000.
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. |
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