Kindly note that Nomination & Remuneration Committee of the Board at its meeting held today has considered and approved the following:
1. Grant of 167 838 Restricted Stock Units (RSUs) to Mr. R Srikrishna CEO & Executive Director under the Employee Stock Option Plan 2015 to be vested after one year. Each such RSU confers a right to receive equal no. of equity shares of the Company. Vested RSUs need to be exercised within the exercise period as per the terms of the scheme.
2. Grant of 1 015 553 Restricted Stock Units (RSUs) to employee under the Employee Stock Option Plan 2015. Each such RSU confers a right to receive equal no. of equity shares of the Company. The RSUs granted would vest as per the terms of the scheme based on performance parameters as decided by the Committee. Vested RSUs need to be exercised within the exercise period as per the terms of the scheme.
3. Exercise of 945 511 RSUs by Employees under the Employees Stock Option Scheme 2008 and 2015.
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