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| Exchange Received Time 01/10/2019 17:50:42 Exchange Disseminated Time 01/10/2019 17:50:51 Time Taken 00:00:09 | Further to our letter dated December 15, 2017 for grant of 10,00,000 ESOPs to the eligible employees at a price of Rs. 150/- per share, please be informed that the Compensation Committee of the Board of Directors at its meeting held on 30th September 2019 has cancelled 10,00,000 ESOPs in accordance with the terms and conditions under the ESOP Scheme 2017 of the Company and Securities and Exchange Board of India (Share Based Employee Benefits) Regulation, 2014, based on options lapsed and the surrender letters received from the employees.
Further, this intimation is in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
We request you to take the aforesaid details on record. |
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