Nirlon Ltd accelerates the Nirlon ESOP 2012

The Nomination and Remuneration Committee (NRC) of Nirlon Ltd has accelerated the vesting period of the unvested stock options under Nirlon ESOP 2012 scheme to February 15, 2015, and has also accelerated exercise period for the entire grant of options to upto September 30, 2016, in accordance with the terms of the SEBI (Share Based Employee Benefits) Regulations, 2014.

Further, the Company has informed that all shares under the Nirlon ESOP 2012 scheme had been issued and allotted to the Nirlon Employee Stock Option Trust on September 27, 2013 and no fresh allotment of shares is taking place for such acceleration.

Shares of NIRLON LTD. was last trading in BSE at Rs.198.5 as compared to the previous close of Rs. 198.6. The total number of shares traded during the day was 35060 in over 270 trades.

The stock hit an intraday high of Rs. 199.9 and intraday low of 198.1. The net turnover during the day was Rs. 6955999.

Source : Equity Bulls

Keywords