KPIT Technologies Limited - Outcome of the Nomination & Remuneration (HR) Committee Meeting

KPIT Technologies Ltd has informed BSE that the HR & Compensation (Nomination & Remuneration) Committee of the Board of Directors of the Company, at its meeting held on April 26, 2016, has approved the grant of 30,000 options under the Employees Stock Option Scheme 2006, at an exercise price of Rs. 2/- per share to the employee(s) of the Company on the following terms:-<BR><BR>1. The options shall vest over a period of 1 to 3 years from the date of grant.<BR><BR>2. The options shall be exercisable within a period of 5 years after the date of vesting.<BR><BR>3. Each option shall carry the right to be issued one equity share of the Company.