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BSE SENSEX
73,827.25
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Corporate Announcement
Security Code
532966
Company
Titagarh Rail Systems Ltd
Exchange Received Time
10/11/2017 13:52:57
Exchange Disseminated Time
10/11/2017 13:53:03
Time Taken
00:00:06
Outcome of Board Meeting |
11/10/17 13:52
S. No. Particulars Details
A. Second tranche of Options granted:
Brief details of options granted Grant of the second tranche of 5,00,000 Options to the eligible employees of the Company on 19th May, 2017 under TWL ESOP Scheme, 2014
Whether the Scheme is in terms of Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014: Yes
Total number of shares covered by these options: 5,00,000 equity shares (each Option is convertible into 1 equity share of face value of Rs. 2/- each).
Pricing formula/Exercise Price: Rs. 44.20 per option upon exercise of Option
Options vested/vesting schedule: Year 1:2%,Year 2: 10%, Year 3: 28% and Year 4:60%
B. Exercise period in TWL ESOP Scheme, 2014:
Time within which option may be exercised:The time within which the Options vested have to be exercised is six months from the respective date(s) of vesting; or such other period as may be determined by the Nomination & Remuneration Committee.
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