Blue Star Infotech Ltd has informed BSE that the Company has been informed as follows:
In respect to Employee Stock Options granted by the Company:
1. Mr. Sunil Bhatia, erstwhile Chief Executive Officer and Managing Director of the Company has informed the Company, by a letter dated January 28, 2016, that he would not be exercising 6,00,000 ESOP grants made to him.
2. Mr. Nishith Mathur, erstwhile Chief Operating Officer of the Company has informed the Company, by a letter dated January 27, 2016, that he would not be exercising 2,26,000 ESOP grants made to him.
There are no further outstanding grants or claims in respect of the above stated individuals in respect of ESOP granted by the Company.
Non-exercise of 8,26,000 stock options is anti-dilutive, wherein the diluted EPS would increase.
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