Sub: Intimation pursuant to Regulation 30 of the SEBl (LODR) Regulations, 2015 relating to Grant of Options under ESOP 2019
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 we would like to inform you that the Nomination and Remuneration Committee of the Board of Directors of the Company has inter alia approved the grant of 85,000 stock options under Employee Stock Option Plan 2019 (ESOP 2019) to eligible employees in its Meeting held today, i.e., October 26, 2022.
The salient features of the options are as follows:
Sr.
Particulars
Details
No.
1.
Brief details of option granted
85,000 options have been granted as per the
resolution passed by the Nomination and
Remuneration Committee on October 26, 2022
2.
Whether Scheme is in terms of SEBI
Yes
(SBEBSE) Regulations, 2021 (if
applicable)
3.
Total no. of shares covered by these
85,000 Equity Shares of Face Value of Rs. 2/-
options
each
4.
Exercise Price
Rs. 377.90 being the closing Market Price on
October 25, 2022 on National Stock Exchange
of India Limited
5.
Options Vesting Period
As per the terms and conditions determined by
Nomination & Remuneration Committee up to
a maximum vesting period of 5 years
6.
Time within which options may be
5 years from the date of vesting of Options
exercised
We request you to kindly take the above on record as per the provisions of the Listing Regulations. The above is also being uploaded on the website of the Company.
Crompton Greaves Consumer Electricals Ltd. published this content on 26 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2022 15:47:06 UTC.
Crompton Greaves Consumer Electricals Limited is an India-based consumer electrical company. The Company operates through two segments: Electric Consumer Durables (ECD) and Lighting. It manufactures and distributes a range of consumer products ranging from fans, pumps, and appliances in the ECD segment and a full range of lighting products. Its product portfolio includes ceiling fans, table fans, pedestal fans, wall-mounted fans, heavy-duty exhaust fans, air circulators, industrial fans, residential pumps, agricultural pumps, solar pumps, specialty pumps, water heaters, air coolers, mixer grinders, irons, light-emitting diode (LED) lamps, LED battens, LED panels, LED streetlights and floodlights, incandescent lamps, compact fluorescent lamps, interior and indoor lighting, and fluorescent tubular lights. The Company markets its products under the Crompton brand name in India. The Company' manufacturing locations include Goa, Vadodara, Ahmednagar and Baddi.