Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 kindly note that Nomination & Remuneration Committee of the Board has approved the following:
1. Grant of 24 000 Restricted Stock Units (RSUs) to employees under the Employee Stock Option Plan 2015. Each such RSU confers a right to receive equal no. of equity shares of the Company. The RSUs granted would vest as per the terms of the scheme based on performance parameters as decided by the Committee. Vested RSUs need to be exercised within the exercise period as per the terms of the scheme.
2. Exercise of 1 98 656 RSUs by Employees under the Employees Stock Option Scheme 2008 and 2015.
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