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BATLIBOI LTD. - Outcome of Nomination & Remuneration Committee Meeting
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12 Aug 2015
Batliboi Ltd has informed BSE that at the meeting of the Nomination &amp; Remuneration Committee of the Board of Directors of the Company held on August 12, 2015, the Committee has decided as under:-&lt;BR&gt;&lt;BR&gt;1. Out of 17,68,255 available Bank of options under the Employee Stock Option Scheme, the Committee granted 50,000 options to the eligible employee. Each option would entitle the option holder to subscribe to 1 Equity Share.&lt;BR&gt;&lt;BR&gt;2. The Exercise price for options would be Rs. 15.75 as per the clause 7.4 of the approved Employee Stock Option Scheme of the Company.&lt;BR&gt;&lt;BR&gt;3. The granted options would vest in the eligible employees as under:-&lt;BR&gt;&lt;BR&gt;(i) 1/3rd of the total number of Options granted, after 36 months from the date of grant of Options.&lt;BR&gt;&lt;BR&gt;(ii) 1/3rd of the total number of Options granted, after 48 months from the date of grant of Options.&lt;BR&gt;&lt;BR&gt;(iii) 1/3rd of the total number of Options granted, after 60 months from the date of grant of Options.
View all announcements for BATLIBOI LTD. Source: BSE India

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