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PDS LIMITED — Capital/Financing Update 2021
Jul 3, 2021
60265_rns_2021-07-03_5ada1de6-5c16-4f32-8eec-c1c636349ef5.pdf
Capital/Financing Update
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PDS Multinational Fashions Limited
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PDS/SE/2021-22/18 July 3, 2021 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1 Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai -400 051 Mumbai- 400001 Scrip Symbol: PDSMFL Scrip Code: 538730
Re: ISIN - INE111Q01013
- Sub: Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, w.r.t. Grant of Stock Options under PDS Multinational Fashions Limited - Employee Stock Option Plan 2021
Dear Sir/ Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, we wish to inform that the Nomination and Remuneration (Compensation) Committee of the Board of Directors of the Company has today, i.e., July 3, 2021, approved the following grant in terms of PDS Multinational Fashions Limited - Employee Stock Option Plan 2021 ("PDS ESOP 2021").
The brief general terms and conditions of the said Grant are as under:
| Sl. No. | Particulars | Details |
|---|---|---|
| 1 | Number of Stock Options Granted | 130,000 Stock Options to the Eligible Employee(s) |
| 2 | Whether the scheme is in terms of SEBI (SBEB)Regulations,2014 |
Yes |
| 3 | Total number of Shares covered by these options |
1,30,000 (One Lakh Thirty Thousand) Equity Shares of Face Value of Rs.10/- (ten) each (each option is convertible into 1 Equity Share of Rs.10/- each) |
| 4 | Exercise Price | Rs.650/-per Stock Option |
| 5 | Vesting Period | 3 (Three) Years from the date of Grant as per below schedule- - 30% (i.e., 39,000 Stock Options) at the end of 1st(first) Year from the date of Grant. - 30% (i.e., 39,000 Stock Options) at the end of 2nd(two) Year from the date of Grant. - 40% (i.e., 52,000 Stock Options) at the end of 3rd(third) Year from the date of Grant |
| 6 | Exercise period | 3 (three) years from the date of Vesting of the Stock Options |
Regd. Off: No. 758 & 759, 2[nd] Floor, 19[th] Main, Sector -2, HSR Layout, Bengaluru – 560 102, Karnataka, (India) Corp. Office: Unit No.971, Solitaire Corporate Park, Andheri – Ghatkopar Link Road, Andheri (East), Mumbai – 400093, Maharashtra (India) Email: [email protected]; Website: www.pdsmultinational.com; Telephone No.: +91 80 67653000 CIN: L18101KA2011PLC094125
PDS Multinational Fashions Limited
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We request you to kindly take the above information on record.
Thanking you, Yours faithfully, for PDS Multinational Fashions Limited - �J Abhishekh Kanoi Head of Legal & Company Secretary ICSI Membership No.: F-9530
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Regd. Off: No. 758 & 759, 2[nd] Floor, 19[th] Main, Sector -2, HSR Layout, Bengaluru – 560 102, Karnataka, (India) Corp. Office: Unit No.971, Solitaire Corporate Park, Andheri – Ghatkopar Link Road, Andheri (East), Mumbai – 400093, Maharashtra (India) Email: [email protected]; Website: www.pdsmultinational.com; Telephone No.: +91 80 67653000 CIN: L18101KA2011PLC094125