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Ester Industries Ltd. — Capital/Financing Update 2021
Apr 1, 2021
62215_rns_2021-04-01_3c0ca25b-b6ee-455d-81fe-106aaf4343e3.pdf
Capital/Financing Update
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Date: 1[st] April, 2021
| BSE LimitedDepartment of Corporate servicesPhirojee Jeejeebhoy TowersDalal Street, Mumbai – 400023Symbol : 500136 | National Stock Exchange of India LimitedExchange Plaza,Plot no. C/1, G Block,Bandra‐Kurla Complex,Bandra (E), Mumbai – 400051Symbol : ESTER |
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Dear Sir
Subject : Grant of Stock options
We wish to intimate you that in the meeting of the Nomination and Remuneration Committee and Board of Directors of the Company held on Thursday, 1[st] April, 2021, following Stock options have been granted to eligible employees in term of ESTER Employees Stock Option Plan 2021‐
| Particulars | Explanation |
|---|---|
| Total number of options granted | 248179 Stock options |
| Total number of shares coveredby these options | 248179 Equity Shares of face value of Rs. 5/‐ each |
| Exercise price per option | Rs. 105 per stock option |
| Vesting period | Vesting of the options shall take place as per the following schedule:-10% of the options shall vest at the end of a period of 1 (one)year from date of grant-20% of the options shall vest at the end of a period of 2 (two)years from date of grant-30% of the options shall vest at the end of a period of 3 (three)years from date of grant-40% of the options shall vest at the end of a period of 4 (four)years from date of grant |
| Exercise period | 8 (Eight) years from the date of grant. |
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Significant terms and conditions The Stock options have been granted as per the terms and conditions of Ester Employees Stock Option Plan‐2021 as approved by the Shareholders in its meeting held on 26[th] March, 2021. Whether these options are Yes covered in terms of SEBI (SBEB) Regulations, 2014
Please take the above on your record.
Thanking You
Yours Faithfully For Ester Industries Limited
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Diwaker Dinesh Head‐Legal & Company Secretary
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