Outcome of Board Meeting

| Updated on January 31, 2018 Published on July 04, 2017

We wish to inform you that, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; the Board of Directors of the Company at its meeting held today has inter-alia, considered and approved ‘KFIL Employee Stock Option Scheme 2017 (ESOS Scheme) of the Company, subject to the approval of the Members at their Annual General Meeting to be held on 3 August 2017.

The ESOS Scheme has been formulated in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014.

Maximum number of equity shares that may be issued pursuant to exercise of all options under the ESOS Scheme shall not exceed 25,00,000 equity shares.

Further, we wish to inform you that the matter relating to fund raising options was deliberated and the Board decided to defer the matter.

Pdf Link: Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on July 04, 2017
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