Desktop Site
|
25 Apr 24 | 16:00
|
Close
Equity
SME
Eq Drv
Currency
Commodity
Corporates
Get Quote
*
Notices
|
S&P
BSE SENSEX
74,339.44
+486.50
+0.66 %
Corporate Announcement
Security Code
538835
Company
Intellect Design Arena Ltd
Exchange Received Time
07/08/2020 19:50:49
Exchange Disseminated Time
07/08/2020 19:50:56
Time Taken
00:00:07
Granting Of 120,100 RSU''s In Lieu Of 240,150 Options Surrendered To 14 Associates. |
08/07/20 19:50
Pursuant to the approval accorded by the members of Nomination and Remuneration & Compensation Committee of the Company at its meeting held on 05thAugust, 2020, the following RSU's have been granted to Fourteen(14) Associates in lieu of 2,40,150 Options surrendered as detailed below:
The Grant Price has been arrived on the following basis :
Intellect Incentive Plan Scheme 2018(RSU)- Grant price is Rs. 5/-.
Incentive Scheme 2018-RSU's
Option granted under Intellect Incentive Plan Scheme 2018 (Incentive Scheme 2018) shall vest not earlier than minimum period of 1 (one) year and not later than maximum period of 5 (five) years from the date of Grant.
On the expiry of the vesting period, the associates have the right to convert the RSU's into Shares either in full or in tranches at any time during the exercise period as provided under the Scheme.
We request you to take this information on record and confirm compliance.
Attachment
<< Back
Recently Viewed