HIL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 12, 2015, inter alia, has :<BR><BR>1. Approved, subject to the approval of the shareholders, creating, offering, issuing and allotting stock options not exceeding 2,50,000 into equivalent equity shares of Rupee 10/- each to the eligible employees as determined by the Nomination & Remuneration Committee under Company's Employees Stock Option Scheme.<BR><BR>2. Approved, subject to the approval of the shareholders, amending the terms of appointment of Mr. Prashant Vishnu Vatkar as Managing Director of the Company with regard to his change of term of appointment from 3 years to 5 years w.e.f. April 20, 2015.
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