Dewan Housing - Outcome of Remuneration & Compensation Committee Meeting
Dewan Housing Finance Corporation Ltd has informed BSE that pursuant to the Resolution passed by the shareholders of the Company at the Annual General Meeting of the Company held on July 23, 2007 the Remuneration & Compensation Committee of the Board of Directors at its Meeting held on May 30, 2008 has granted 14,22,590 Stock Options to certain permanent employees of the Company. These Stock Options covering 14,22,590 Equity Shares in the aggregate are to be exercised in the manner laid down in the aforementioned Resolutions / Explanatory Statement and SEBI (Employee Stock Option Scheme (ESOP) and Employee Stock Purchase Scheme (ESPS)), Guidelines, 1999.
The Remuneration & Compensation Committee has granted 14,22,590 Stock Options (which is limited to about 2.32% of the issued Share Capital against the maximum of 5% of issued capital of the Company as per the Resolution passed by the Shareholders).
Tags: Dewan Housing