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| Exchange Received Time 04/05/2017 15:11:59 Exchange Disseminated Time 04/05/2017 15:12:05 Time Taken 00:00:06 | | The Company had on April 26, 2017, submitted the outcome of the Nomination & Remuneration (HR) Committee Meeting held on April 25, 2017. In the said outcome inadvertently it was mentioned that the Committee had approved grant of 150,000 options, in place of 110,000 options. The exercise price and other terms of grants remain unchanged. Hence, the revised outcome reads as follows:- We wish to inform you that the Nomination & Remuneration (HR) Committee of the Board of Directors of the Company, at its meeting held on April 25, 2017, has approved the grant of 110,000 options under the Employees Stock Option Scheme 2015, at an exercise price of Rs. 131.20/- per share to the employee(s) of the Company on the following terms:- 1) The options shall vest over a period of 1 to 3 years from the date of grant. 2) The options shall be exercisable within a period of 5 years after the date of vesting. 3) Each option shall carry the right to be issued one equity share of the Company. |
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