In continuation of our letter dated February 15, 2023, we inform you that pursuant to clause 3.35.20 of the composite scheme of arrangement and amalgamation, the Board of directors of the Company in its meeting held today i.e. March 15,2023, on the recommendation of the Nomination and Remuneration Committee, approved the revised stock option plan ('SFL ESOS 2023. (No.1) or 'Plan') created by the Company for the benefit of eligible employees of erstwhile SCUF in accordance with clause 3.35.17 of the Scheme. Upon coming into effect of the Scheme, erstwhile SCUF was dissolved without winding up and its eligible employees became employees of the Company.
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