SINTEX INDUSTRIES LTD. - Outcome of Compensation Committee Meeting

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30 Oct 2015
Sintex Industries Ltd has informed BSE that the Compensation Committee of the Board of Directors of the Company at its meeting held on September 28, 2015, has resolved to wind up the Sintex Industries Limited Employee Stock Option Scheme, 2006 to comply with applicable provisions of SEBI (Share Based Employee Benefits) Regulations, 2014.<BR><BR>Accordingly, the trustees of the said Sintex Employee Welfare Trust have divested the entire shareholding lying with the Trust.<BR><BR>The surplus, if any, shall be dealt with under Regulations by repaying the loan to Sintex Industries Limited and balance as may be decided by the compensation committee.<BR><BR>It may be noted that the said scheme has been wound up within 1 year from the date of commencement of the Regulations.
View all announcements for SINTEX INDUSTRIES LTD.	Source: BSE India

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