Others

Grant/ Lapse of Options

| Updated on February 11, 2015 Published on February 11, 2015

Godrej Industries Ltd has informed BSE that the Nomination and Compensation Committee of the Board of Directors of the Company has noted ./ approved the following :

(I) Grant of 1,12,747 stock grants to eligible employees of the Company, in terms of Godrej Industries Limited Employee Stock Grant Scheme 2011 (ESGS 2011). In terms of the ESGS 2011, one Stock Grant represents one equity share of the Company. The stock grants shall vest in the employees on May 31, 2016 and May 31, 2017 respectively or as may be determined by the Nomination and Compensation Committee.

The eligible employees shall be entitled to exercise the options vested in them, within one month from the date of vesting or such dates as may be determined by the Nomination and Compensation Committee.

(ii) Lapse of 1,25,000 options and 95,000 options, under Godrej Industries Limited -Employee Stock Option Plan I and II respectively.

(ill) Lapse of 9,557 Stock Grants under Employees Stock Grant Scheme, 2011.

Source : BSE - >www.bseindia.com

Published on February 11, 2015
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