GODREJ INDUSTRIES LTD. - Lapse of Options
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| 25 Jul 2014 | |
| Godrej Industries Ltd has informed BSE that the Nomination and Compensation Committee of the Board of Directors of the Company, has noted / approved the following:<br/><br/>1. Lapse of 25,000 options under Godrej Industries Limited - Employee Stock Option Plan I.<br/><br/>2. Exercise of 1,29,000 options under the Godrej Industries Limited - Employee Stock Option Plan I and 7,500 options under the Godrej Industries Limited - Employee Stock Option Plan II. The total number of options exercised under the GIL ESOP I and GIL ESOP II is 34,46,000 options and 8,10,000 options respectively, equivalent of an aggregate of 42,56,000 equity shares of Re. 1/- each.<br/><br/>Further the Company has informed that, since the options granted under the GIL ESOP I and II is administered through GIL ESOP Trust (Trust), whereby shares are purchased by the Trust from the open market based on the options granted by the Nomination and Compensation Committee of the Board of Directors, there is no change in the issued, subscribed or paid-up capital of the Company on account of exercise of the options.<br/><br/>3. Lapse of 32,921 Stock Grants, granted on July 30, 2011 under Employees Stock Grant Scheme, 2011. | |
| View all announcements for GODREJ INDUSTRIES LTD. | Source: BSE India |
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