Intellect Design Arena Ltd - 538835 - Cancellation 240,150 Options Under ASOP/ISOP Schemes.
Pursuant to Regulation 30 of SEBI(Listing Obligations and Disclosures Requirements) Regulations,2015,we wish to inform you that the Nomination Remuneration and Compensation Committee of the Board of Directors at its meeting held on August 05, 2020 has approved to cancel 2,40,150 options granted to 14 associates in accordance with the terms and conditions under relevant clauses of ASOP 2011, ISOP 2015 and ISOP 2016 Schemes of the company and Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 based on the surrender letter received from the employees out of the above grants.07-08-2020