V-Guard Industries Ltd grants 1120000 Stock Options

The shareholders of V-Guard Industries Ltd by way of postal ballot resolution dated May 14, 2013, approved grant of 11,20,000 stock options to eligible employees and subsequently, Nomination and Remuneration Committee (earlier named as Compensation Committee) of the Board of Directors of the Company in their meeting held on May 04, 2015, has approved the grant of 90,628 Stock Options to eligible employees of the Company, in terms of Employee Stock Option Scheme 2013 ("ESOS - 2013"). The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 10/- each.

The options shall vest over a period of 4 years on the basis of time and performance. The exercise period is 6 years from the date of vesting of options. The exercise price is fixed as Rs. 999/- per share for 68,447 number of stock options and the exercise price is fixed as Rs. 10/- per share for 22,181 number of stock options.

Shares of V-GUARD INDUSTRIES LTD. was last trading in BSE at Rs.942.2 as compared to the previous close of Rs. 927.2. The total number of shares traded during the day was 1722 in over 318 trades.

The stock hit an intraday high of Rs. 950 and intraday low of 927.05. The net turnover during the day was Rs. 1610385.

Source : Equity Bulls

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