V-Guard Industries Ltd approves grant of 113609 stock options

The Board of Directors of V-Guard Industries Ltd at its meeting held on August 08, 2016 has approved the grant of 1,13,609 Stock Options @ Rs. 10/- each and 80,000 nos. of options @ Rs. 1,705/- 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 at its face value.

Vesting: The options shall vest over a period of 4 years on the basis of time and performance.

Exercise period: 6 years from the date of vesting of options.

Exercise price: Rs. 10/- per share for 1,13,609 number of stock options.

Exercise Price: Rs. 1,705/- per share for 80,000 number of stock option.

The Board meeting started at 11.00 a.m and ended at 11.45 a.m.

Shares of V-GUARD INDUSTRIES LTD. was last trading in BSE at Rs.1701.35 as compared to the previous close of Rs. 1693.3. The total number of shares traded during the day was 1046 in over 184 trades.

The stock hit an intraday high of Rs. 1722 and intraday low of 1695.55. The net turnover during the day was Rs. 1784282.

Source : Equity Bulls

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