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HIL LTD. - Updates
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28 Jul 2017
Sub: Granting of options under HIL Employees Stock Option Scheme 2015(Amendment) Reg.,&lt;BR&gt; Pursuant to Regulation 30 of the SEBI (LODR), 2015, we wish to inform you that Nomination &amp; Remuneration cum Compensation Committee vide circular resolution passed on 28th July, 2017 has granted Options to Mr. Dhirup Roy Choudhary, Managing Director &amp; CEO under HIL Employees Stock Option Scheme 2015 (Amendment). The brief terms &amp; conditions of grant are:-&lt;BR&gt; &lt;BR&gt; No. of Options granted 35600 &lt;BR&gt; No. of equity shares covered by such Options One option is equal to one equity share of Rupees 10 each.&lt;BR&gt; Exercise price Rs. 620/-&lt;BR&gt; Vesting Period 40% at the end of 36th month and 60% at the end of 48th month from the date of grant agreement. &lt;BR&gt; Maximum period with in which Option can be exercised Option can be exercised within 4 years from the date of vesting. However this period can be extended by Nomination &amp; Remuneration cum Compensation Committee.&lt;BR&gt; &lt;BR&gt; &lt;BR&gt; &lt;BR&gt;
View all announcements for HIL LTD. Source: BSE India

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