Home Excercise Allotment Of 1020000 Equity Shares Pursuant Excercise Of Vested Esops

Allotment Of 1020000 Equity Shares Pursuant Excercise Of Vested Esops

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Dear Sir/Madam, SUB: RESOLUTION OF COMMITTEE OF DIRECTORS FOR SECURITIES ALLOTMENT Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Committee of Directors in its meeting held on April 26, 2017 have allotted 10,20,000 Equity Shares on exercise of vested Employee Stock Options by certain employees as per details given below : – 7,70,000 equity shares of the Company of face value of Rs. 2/- each at a Price of Rs. 2/- per equity share under third grant of ESOP 2005; – 2,50,000 equity shares of the Company of face value of Rs. 2/- each at a price of Rs. 2/- per equity share under seventh grant of ESOP 2006 The above is for your information and record.

[Source:-hindubusinessline]

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