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Crompton Greaves Consumer Electricals Limited — Capital/Financing Update 2020
Jan 29, 2020
60950_rns_2020-01-29_a4a09503-84e1-425e-aa73-57e1673f01b4.pdf
Capital/Financing Update
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Crompton
Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai 400 070. India Tel: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in. CIN: L31900MH2015PLC262254
Date: January 29, 2020
| To, | 10. |
|---|---|
| BSE Limited ("BSE"), | National Stock Exchange of India Limited |
| Corporate Relationship Department, | ("NSE") |
| 2 nd Floor, New Trading Ring, | "Exchange Plaza", 5 th Floor, |
| P.J. Towers, Dalal Street, | Plot No. C/1, G Block, |
| Mumbai - 400 001. | Bandra-Kurla Complex |
| Bandra (East), | |
| Mumbai - 400 051. | |
| BSE Scrip Code: 539876 | NSE Symbol: CROMPTON |
| ISIN: INE299U01018 | ISIN: INE299U01018 |
| Our Reference: 116 /2019-20 | Our Reference: 113 /2019-20 |
Dear Sir/Madam,
Sub: Intimation pursuant to Regulation 30 of the SEBI(LODR) Regulation, 2015 relating to Grant of Options under ESOP Plan 2019.
Pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015 we would like to inform you that the Nomination and Remuneration Committee of the Board of Directors of the Company in its Meeting held today, January 29, 2020 has inter alia approved the grant of 3,70,000 stock options under Employee Stock Option Plan 2019 (ESOP 2019) to eligible employees.
The salient features of the options are as follows:
| Sr. No. |
Particulars | Details |
|---|---|---|
| $\overline{1}$ | Brief details of option granted | 3,70,000 options have been granted as per the resolution passed by the Nomination and Remuneration Committee on January 29, 2020 |
| 2. | Whether Scheme is in terms of SEBI(SBEB) Regulations, 2014 (if applicable) |
Yes. |
| 3. | Total No. of Shares covered by these options | 3,70,000 Equity shares of Face Value of Rs. 2/- each. |
| $\overline{4}$ . | Exercise Price | Rs. 258.65 being the closing Market Price on January 28, 2020 on National Stock Exchange of India Limited. |
| 5. | Options Vested | Not Applicable |
| 5. | Time within which options may be exercised | 5 years from the date of vesting. |
We request you to kindly take the above on record as per the provisions of the Listing Regulations.
Thanking you, collsum For Crompton Greaves Consumer Electricals Limited
$2091$ Pragya Kaul Company Secretary & Compliance Officer