|
| Exchange Disseminated Time | Indian Terrain Fashions Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on September 30, 2011, inter alia, have accorded to the following:
1. Authority to the Board to create, offer, issue and allot at any time to or to the benefit of such person{s) who are in permanent employment of the Company, whether working in India or out of India, including any Director of the Company, whether whole time or otherwise, options exercisable into such number of equity shares being not more than 20% of the Paid-up Equity Share Capital of the Company at any point of time, either directly and / or through a Trust, under one or more Employee Stock Option Schemes, in one or more tranches, and on such terms and conditions as may be fixed or determined by the Board in accordance with the provisions of the law or guidelines issued by the relevant Authority, subject to necessary provisions & approvals.
2. To grant to Mr. Charath Narsimhan, being the Chief Executive Officer of the Company, 5,00,000 Stock Options, which is 9% of the issued capital, that is 3,90,000 stock option under Growth Options and 1,10,000 Stock Option under Thank You Options of the Company as on the date of this resolution.
3. To grant to Mr. Amitabh Suri, being the Senior Vice-President-(Marketing) of the Company, 3,35,000 Stock Options, which is 6% of the issued capital, that is 2,80,000 stock options under Growth Options and 55,000 stock option under Thank You Options of the Company as on the date of this resolution.
4. To grant to Mr. S Surya Narayanan, being the Director and Chief Financial Officer of the Company, 2,25,000 Stock Options, which is 4% of the issued capital, that is 1,70,000 stock options under Growth options and 55,000 stock option under Thank You Options of the Company as on the date of this resolution.
5. To grant to Mr. John Dulip Kumar, being the Senior Vice President (Merchandising) of the Company, 56,000 Stock Options, which is 1% of the issued capital, that is 46,000 stock options under Growth options and 10,000 stock option under Thank You Options of the Company as on the date of this resolution. |
|
|