TVS Electronics Ltd has informed BSE that the Compensation Committee of the Board of Directors in their meeting held on February 05, 2014, in accordance with the terms of Employees Stock Option Scheme 2011 (ESOP Scheme 2011), have granted :
a) 15,000 Stock Options convertible into equal number of Equity Shares of the face value of Rs. 10/- each, to the Independent Directors of the Company.
b) 2,00,000 Stock Options convertible into equal number of Equity Shares of the face value of Rs. 10/- each to an Employee Welfare Trust to be formed.
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