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Grant Of Stock Option Under Employee Stock Option Plan (ESOP 2017)

| Updated on May 30, 2018 Published on May 30, 2018

This is to inform you that the Nomination & Remuneration Committee of the Board of Directors at its meeting held today i.e. May 30, 2018, has granted 7,75,000 stock options to the eligible employees of the Company, in accordance with the Employee Stock Option Plan (ESOP 2017).

Against each stock option, the eligible employee shall have the right to apply for and get allotted one Equity Share of the face value of Rs. 10/- each at an exercise price of Rs. 10/- (Rupees Ten) per equity share. The vesting period and conditions for the said options is as stated in ESOP 2017.

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Source : BSE - www.bseindia.com

Published on May 30, 2018
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