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73,651.35
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Corporate Announcement
Security Code
500179
Company
HCL INFOSYSTEMS LTD.
Exchange Received Time
06/08/2020 17:06:35
Exchange Disseminated Time
06/08/2020 17:06:54
Time Taken
00:00:19
Intimation For Alteration Of Employee Stock Option Scheme 2000 (Scheme 2000) And Employee Stock Based Compensation Plan 2005 (Scheme 2005). |
08/06/20 17:06
Dear Sirs,
We, HCL Infosystems Limited wish to inform you that the Board of Directors of the Company in their meeting held today i.e., 6th August, 2020 has given its approval for alteration in the Employee Stock Option Scheme 2000 (Scheme 2000) and Employee Stock Based Compensation Plan 2005 (Scheme 2005) (hereinafter referred to as 'ESOP Schemes') by inserting the 'amendment and termination clause' in the ESOP Schemes.
As per the ESOP Schemes, exercise of option is permitted upto a period of 5 years from the date of vesting. At present all the options have been exercised/lapsed/forfeited and there is no outstanding balance in the ESOP Schemes. As a result the ESOP Schemes have become redundant.
This is subject to approval of members of the Company.
Please acknowledge receipt.
Very Truly Yours,
For HCL Infosystems Limited
Sushil Kumar Jain
Company Secretary & Compliance Officer
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