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Centum Electronics Ltd — Capital/Financing Update 2022
May 24, 2022
61011_rns_2022-05-24_784c1bfd-4c88-4d6a-8f9b-800acd880154.pdf
Capital/Financing Update
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Ref: CEL/NSEBSE/NRC/24052022 24[th] May, 2022
To,
Listing Department Department of Corporate Services ‐ Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051
Re: Scrip Symbol: CENTUM/ Scrip Code: 517544
Dear Sir/ Madam,
Sub: Grant of Stock Options under ‘Centum Electronics Limited – Restricted Stock Unit Plan 2021’
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform the Stock Exchanges that the Nomination & Remuneration Committee of the Board of Directors of the Company at its meeting held today, i.e. 24[th] May, 2022 has granted 1,26,400 (One Lakh Twenty Six Thousand Four Hundred) Stock Options to the eligible employees under ‘Centum Electronics Limited ‐ Restricted Stock Unit Plan 2021’.
The brief details of the options granted are annexed herewith in Annexure 1 .
Kindly take the same on your records.
Yours faithfully,
For Centum Electronics Limited
KARUNILAM Digitally signed by KARUNILAM SRINIVASAN SRINIVASAN DESIKAN Date: 2022.05.24 22:39:01 DESIKAN +05'30' K S Desikan Chief Financial Officer
Centum Electronics Limited
44, KHB Industrial Area, Yelahanka New Town, Bangalore - 560 106, Karnataka, India Tel +91-(0)80-4143-6000 Fax +91-(0)80-4143-6005 www.centumindia.com CIN - L85110KA1993PLC013869
Annexure‐1:
| S. No. | Particulars | Details |
|---|---|---|
| 1. | Brief details of optionsgranted | Grant of 1,26,400 (One Lakh Twenty Six ThousandFour Hundred) options under Centum ElectronicsLimited ‐ Restricted Stock Unit Plan 2021 to 19(Nineteen) eligible employees of the Company andits subsidiaries as determined by the Nomination& Remuneration Committee of the Board ofDirectors of the Company. |
| 2 | Whether the scheme is inaccordance with SEBI (ShareBased Employee BenefitsandSweatEquity)Regulations,2021 | Yes. Centum Electronics Limited ‐ Restricted StockUnit Plan 2021 is in compliance with SEBI (ShareBased Employee Benefits and Sweat Equity)Regulations, 2021. |
| 3. | Total number of equityshares covered by theseoptions | 1,26,400 (One Lakh Twenty Six Thousand FourHundred) equity shares (each option confers uponthe option holder the right to subscribe for 1 (one)fully paid equityshare of the Company). |
| 4. | Pricing formula/ Exerciseprice | In terms of SEBI (Share Based Employee Benefitsand Sweat Equity) Regulations, 2021 and CentumElectronics Limited ‐ Restricted Stock Unit Plan2021 (“RSU 2021” or “Plan”), the exercise Priceshall be the face value of the Share as on the dateof Exercise of the Options. |
| 5. | Optionsvested/vestingschedule | Vesting Schedule:1. At the end of the 3rdyear from the date ofgrant – 33.33%; and2. Basedontheyearlytargetsachievedcumulatively over a period of 3 years –66.67%. |
| 6. | Time period within whichmay be exercised | The Vested options shall be exercised by theGrantee within the maximum exercise period of 5(Five) years from the date of last Vestingof RSUs. |