Max India Ltd has informed BSE that the Nomination and Remuneration Committee of the Company in its meeting held on March 27, 2015 granted 22,600 Stock Options to Mr. Mohit Talwar, Deputy Managing Director of the Company under Max Employees Stock Plan - 2003. The said Options entitle Mr. Mohit Talwar one equity share of Rs. 2/- each for cash at par for every one Option exercised. The said Options shall be vested with Mr. Mohit Talwar in a graded manner @ 25% each, over a period of four years, commencing from March 27, 2016.
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