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| Exchange Received Time 05/02/2018 18:25:06 Exchange Disseminated Time 05/02/2018 18:25:15 Time Taken 00:00:09 | Grant of options under APL Apollo Tubes Limited- Employee Stock Option Scheme 2015 (ESOS 2015)
In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to intimate your good office that the Nomination & Remuneration Committee of the Board of Directors of the Company at their meeting held today i.e., 5th February, 2018, approved the grant of 70,000 options which will be converted into equal number of shares, under APL Apollo Employee Stock Option Scheme, 2015 ('Scheme') to the employees of the Company.
Further, we would like to inform that the scheme is in compliance with SEBI (SBEB) Regulations, 2014 and the vesting and exercise of the options granted will take place as per the terms and conditions of the scheme.
Kindly host the same on your website and acknowledge the receipt of the same.
Thanking you
Yours faithfully
For APL Apollo Tubes Limited
Adhish Swaroop
(Company Secretary)
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