JUBILANT LIFE SCIENCES LIMITED - Exercise of ESOP Options

Jubilant Life Sciences Ltd has informed BSE that 7,650 options under Jubilant Employees Stock Option Plan 2005 ("Plan 2005") and 49,344 options under JLL Employees Stock Option Plan 2011 ("Plan 2011") have been exercised by the option holders.<BR><BR>Pursuant to the terms of Plan 2005 and Plan 2011, the Nomination, Remuneration and Compensation Committee of the Company (the "Committee") has approved, on December 18, 2015, transfer of 87,594 equity shares of Re.1 each of Jubilant Life Sciences Limited from Jubilant Employees Welfare Trust to the eligible option holders.<BR><BR>Further, pursuant to the provisions of Plan 2005 read with the Scheme of Amalgamation and Demerger between the Company, Speciality Molecules Limited, Pace Marketing Specialities Limited and Jubilant Industries Limited (JIL), the Committee has also approved transfer of 1,912 equity shares of Rs.10 each of JIL to the eligible option holders.