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| Exchange Disseminated Time | V-Guard Industries Ltd has informed BSE that the shareholders of the Company by way of postal ballot resolution dated May 14, 2013, approved grant of 11,20,000 stock options to eligible employees and subsequently, Nomination and Remuneration Committee (earlier named as Compensation Committee) of the Board of Directors of the Company in their meeting held on May 04, 2015, has approved the grant of 90,628 Stock Options to eligible employees of the Company, in terms of Employee Stock Option Scheme 2013 ("ESOS - 2013"). The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 10/- 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: 6 years from the date of vesting of options.
3. Exercise price: Rs. 999/- per share for 68,447 number of stock options.
4. Exercise price: Rs. 10/- per share for 22,181 number of stock options. |
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