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| Exchange Disseminated Time | | Sundaram Finance Ltd has informed BSE that the Company proposes to seek the approval of the shareholders at the ensuing Annual General Meeting for introduction of an Employee Stock Option Scheme, in accordance with the provisions of the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, to issue grant, offer equity stock options to eligible employees of the Company and its subsidiaries, in one or more tranches, not exceeding 1% of the paid-up equity share capital of the Company (presently 2,77,75,965 equity shares of Rs 10/- each, adjusted for any corporate actions that may be applicable from time to time). |
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