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Arvind Ltd. — Capital/Financing Update 2023
Jul 27, 2023
59174_rns_2023-07-27_9b87fbde-ac6a-42e3-9ca1-c0988df9d055.pdf
Capital/Financing Update
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27[th] July, 2023
To,
To,
BSE Limited National Stock Exchange of India Limited Listing Dept. / Dept. of Corporate Services, Listing Dept., Exchange Plaza, 5[th] Floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G. Block, Dalal Street, Bandra-Kurla Complex, Mumbai - 400 001. Bandra (E), Mumbai - 400 051. Security Code: 500101 Security ID: ARVIND Symbol: ARVIND
Dear Sir/Madam,
Sub.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Grant of Stock Options under Employees Stock Option Scheme - 2021
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby inform you that the Nomination and Remuneration Committee (NRC) of the Company in the meeting held on 27[th] July, 2023, has granted 1,00,000 (One Lakh) stock options to an eligible Employee of the Company under "Grant – July 2023" pursuant to Employees Stock Option Scheme - 2021.
The NRC meeting commenced at 02.45 P.M. and concluded at 03.00 P.M.
Details as required to be disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular dated 13[th] July, 2023, are enclosed as ‘Annexure -I’.
This disclosure will also be hosted on the Company’s website.
You are requested to take note of the same.
Thanking you
Yours faithfully,
For Arvind Limited
RAMNIK Digitally signed by RAMNIK VASHRAMBH VASHRAMBHAI BHIMANI AI BHIMANI Date: 2023.07.27 15:04:09 +05'30'
R.V. Bhimani
Company Secretary
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Annexure I
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----- Start of picture text ----- Sr. no. Particulars Details1 Brief details of options granted 1,00,000 stock options granted underEmployees Stock Option Scheme –2021 as determined by NRC.2 Whether the scheme is in terms of SEBI (SBEB) Regulations, Yes2021 (if applicable)3 Total number of shares covered by these options 1,00,000 equity shares4 Pricing formula/Exercise Price Exercise Price is Rs. 10/- per stockoption.The grant is made in lieu of cashcompensation based on achievementof key performance indicators andsuccessful achievement of keyperformance criteria.5 Options vested/ Vesting Schedule Above Stock Options shall vest onexpiry of minimum one year from thedate of grant as determined by NRC.6 Time within which option may be exercised 3 years from the date of vesting of stockoption.7 Options exercised8 Money realized by exercise of options9 The total number of shares arising as a result of exercise ofoption10 Options lapsed NA11 Variation of terms of options12 Brief details of significant terms13 Subsequent changes or cancellation or exercise of suchoptions;14 Diluted earnings per share pursuant to issue of equity shareson exercise of options----- End of picture text -----
You are requested to take note of the same.
Thanking you
Yours faithfully,
For Arvind Limited
RAMNIK Digitally signed by RAMNIK VASHRAMBHAI VASHRAMBH BHIMANI Date: 2023.07.27 AI BHIMANI 15:04:45 +05'30'
R.V. Bhimani
Company Secretary
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