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Corporate Announcement
Security Code
532400
Company
Birlasoft Ltd
Exchange Received Time
08/11/2019 15:11:44
Exchange Disseminated Time
08/11/2019 15:12:00
Time Taken
00:00:16
Announcement Under Regulation 30 (LODR) - Outcome Of The Meeting Of Nomination And Remuneration Committee ('NRC') Of The Company Granting Options Under The Birlasoft Share Incentive Plan - 2019. |
11/08/19 15:11
This is to inform you that, pursuant to the approval of the 'Birlasoft Share Incentive Plan - 2019' ('Plan') by the Board of Directors dated August 12, 2019 and by the members of the Company through postal ballot dated October 3, 2019, the NRC, at its meeting held on November 8, 2019, has approved the grant of 65,33,575 (Sixty Five Lakhs, Thirty Three Thousand, Five Hundred and Seventy Five) options and 16,44,863 (Sixteen Lakhs, Forty Four Thousand, Eight Hundred and Sixty Three) RSU's to Eligible Employees of the Company:
(a) The Vesting Period/criteria for the above grants has been determined by the NRC in accordance with the terms of the Plan.
(b) The Exercise Price for the above grants shall be INR 61.95 for options and INR 2.00 for RSU's as has been determined by the NRC in accordance with the terms of the Plan.
(c) Each Option/RSU shall carry the right to be converted into one Share.
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