We wish to inform you that the Nomination and Remuneration Committee of the Company vide their Resolution passed by Circulation on August 06, 2018 approved the grant of 15,000 Stock Options under CFL Employee Stock Option Scheme - 2017 at a market price determined as per Securities and Exchange Board of India (Share Based Employee Benefit) Regulations, 2014 as amended from time to time.
Further, 13,000 Stock Options granted under the various CFL - Employee Stock Option Schemes stands cancelled and the said stock options shall be available for grant/re-issue under the said Schemes.