NACL Industries Ltd - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
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| 25 Nov 2020 | |
| We wish to inform that the Compensation Committee, in its meeting held today i.e., Wednesday, the 25th day of November, 2020 has inter alia:<BR> 1) approved the allotment of 1,92,497 equity shares of Rs.1/- each to the Grantees, upon exercise of 1,92,497 options pursuant to the said 'Nagarjuna Agrichem Ltd.-Employee Stock Option Scheme-2015' (ESOS-2015 scheme). <BR> 2) approved granting of 68,750 (Sixty Eight thousands Seven Hundred and Fifty only) Stock Options to Eligible Employees of the Company under the ESOS-2015 scheme at an exercise price of Rs.8/- per option. Each of the Stock Options entitles the holder to apply for 1 (one) equity share of the Company of Rs.1/- each. The said Options shall vest after one year from the date of granting (i.e. on 26th November, 2021) and are exercisable within a period of two years from the respective date of vesting. | |
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