Future Consumer Ltd - 533400 - Outcome Of Nomination And Remuneration / Compensation Committee Meeting Held On 31St January, 2020
Please note that the Nomination and Remuneration /Compensation Committee of the Board of Directors has at its meeting held on 31st January, 2020, inter alia, considered and approved grant of 18,00,000(Eighteen Lakhs) Stock Options, through secondary market route,to employee(s) of the Company under 'Future Consumer Enterprise Limited-Employee Stock Option Plan-2014'('ESOP 2014 Scheme').The said Options would vest after one year but not later than three years from the date of grant.The Exercise Price per Option, shall be determined in accordance to the ESOP 2014 Scheme.The Options may be exercised at any time within a maximum period of three(3) years from the date of Vesting of the respective Options. Upon exercise, each Option shall result into one equity share of face value of Rs.6/- each. Further, an aggregate of 18,00,000 Stock Options granted earlier under the ESOP 2014 Scheme stands cancelled and the said Stock Options have been credited back to ESOP pool account.31-01-2020