FEL)' ~gl~~grises | |
Ltd. | |
REF: SEC/NRS/BSE/NSE/ESOP/2018- 19 | |
To | |
Dept. of Corporate Services (CRD) | Listin g Department |
BSE Limited | National Stock Exchange of India Limited |
Phiroze Jeejeebhoy Towers | Exchang e Plaza, Bandra-Kurla Complex |
Dalal Street, Mumbai 400 001 | Sandra (East), Mumbai 400 051 |
Re: Scrip Code: 523574/ 570002 | Re: Scrip Code: FEL I FELDVR |
13th August, 2018
Re : BSE Debt Scrip Codes: 952009-10-45-46-53-54-74-75-97-98 / 952715-17-18-21-879-880-881 -882· 883 / 954326-28-30-34-35-40-43 / 955100-101-140-141 -371 -373-454-456-749-750-957-958 / 956012-13 / 956243-268-69 / 956310·11 / 956954-55 / 957077-263-264-711 -712-713 / 957875-76 / 957889
Dear Sir/Madam,
Sub: Outcome of the meeting of Nomination and Remuneration Committee - Regulation 30 of the SEBI {Listing Obligations and Disclosure Requirements) Regulations, 2015.
Ref.: Grant of Options to the eligible employees of the Company pursuant to FEL Employee Stock Option Plan - 2015 {FEL ESOP- 2015).
This is to inform that the meeting of Nomination and Remuneration Committee ("the Committee") of the Company held today i.e. on 13th August, 2018 and infer-alia has considered and approved the grant of Options to eligible employees of the Company under FE L ESOP - 2015 the detai ls of which are as under:
Number of Options granted
42,45,000 Options
Number of Options granted | 42,45,000 Options |
Vesting Period | After the expiry of 12 months, 24 months and 36 months from the date of arant. as the case mav be. |
Exercise Period | Not later than 3 vears from the date of vestina |
Exercise Price | t 21.60/- per Equity Share |
Conversion | Each Option is conve rtible into 1 (One) Equity Share oft 2/- each |
Ki ndly take the above information on your records Thanking you,
Yours faithfull y,
For Future Enterprises Limited
~v-1
Deepak Tanna
Company Secretary