Outcome of Committee Meeting

Pursuant to the requirement of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with other applicable provisions, if any, intimation be and is hereby given that Nomination and Remuneration Committee of Board of Directors of the Company, in their just concluded meeting held on October 24, 2017 has approved the following proposals:
(i) Allotment of 5.60 lakhs Equity Shares of Rs. 10 each to forty employees (including three KMPs) of the Company against conversion of Stock Options pursuant to GHCL ESOS 2015 - Series -1.

(ii) Grant of 2.30 lakh Stock options to its fourteen eligible employees at an exercise price of Rs. 170/- each. Employees may exercise their options after the vesting period, subject to compliance of terms and conditions of the Scheme approved by the shareholders.

Pdf Link: Outcome of Committee Meeting

Source : BSE - www.bseindia.com

Published on October 24, 2017
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