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| Exchange Disseminated Time 28/06/2016 16:34:52 | ICRA Ltd has informed BSE that the Employees Stock Options Scheme, 2006 of ICRA Limited ("Scheme") has expired on June 27, 2016, subject to the following.
There are options equivalent to 43,616 equity shares of the Company currently in force, which have already been granted under the Scheme and, subject to prescribed terms and conditions, eligible employees have a right to exercise the same till November 08, 2018.
Further, options equivalent to 1,19,961 equity shares of the Company, remained unexercised in terms of the Scheme and are not subject to any grant or vesting to employees. These equity shares of the Company will continue to be held by the ICRA Employees Welfare Trust and will be dealt with in accordance with the Scheme and the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014. |
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