The Company has established Indiabulls Real Estate Limited- Employees Welfare Trust (Trust) for the implementation and management of its employees benefit scheme viz. Indiabulls Real Estate Limited - Employee Stock Option Scheme - 2010 (Scheme) for the benefit of the employees of the Company and its subsidiaries.
Pursuant to Regulation 3(12) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations 2021 we write to inform you that the shares in Trust as on date have been appropriated/granted to the employees of the Company and its subsidiaries as permitted by SEBI.
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