Outcome of Board Meeting

Vaibhav Gems Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 17, 2011, inter alia, has accorded its consent, subject to the approval of the shareholders and in accordance with the provisions of SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and the Companies Act 1956, to create, offer, issue, and allot new 7,50,000 Stock Options under Employee Stock Option Plan, convertible into 7,50,000 Equity Shares, for the employees of the company and its subsidiaries.

Source : BSE - >www.bseindia.com

Published on August 18, 2011
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