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SIS LIMITED — Capital/Financing Update 2021
Apr 20, 2021
60900_rns_2021-04-20_27b77a2e-d4f1-41c5-986c-5f24bc83662b.pdf
Capital/Financing Update
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April 20, 2021
National Stock Exchange of India Limited Exchange Plaza C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai-400051
Company Symbol: SIS
BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400001 Company Code: 540673
Dear Sir/Madam,
Sub: Intimation of grant of options under SIS Limited Employee Stock Option Plan – 2016
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that on April 20, 2021, the Nomination and Remuneration Committee of SIS Limited has approved grant of 14,21,973 options, convertible into equal number of equity shares of the Company of face value of Rs. 5 each, to the eligible employees of the Company under the ‘SIS Limited Employee Stock Option Plan – 2016’.
The terms and conditions of the said grant, inter-alia , are as follows:
| S.No. | Particulars | Details |
|---|---|---|
| 1 | Brief details of the options granted | Grant of 14,21,973 stock options to theeligible employees of the Company and itssubsidiaries |
| 2 | Whether the scheme is in terms ofSEBI (SBEB) Regulations, 2014 (ifapplicable) | Yes |
| 3 | Total number of shares covered bythese options | 14,21,973 equity shares of face value of Rs.5 each (Each option is convertible into 1equity share of the Company) |
| 4 | Pricing formula/ Exercise Price | Rs. 5 per option |
| 5 | Options Vested/ Vesting Schedule | The said options will vest as under:• June 1, 2022 – 20% of the options granted• June 1, 2023 - 20% of the options granted• June 1, 2024 - 30% of the options granted• June 1, 2025-30% of the options granted |
SIS Limited
(Formerly Security and Intelligence Services (India) Limited)
Address for correspondence: #106, 1[st] Floor, Ramanashree Arcade, 18 MG Road, Bangalore- 560 001, Karnataka Registered office: Annapoorna Bhawan, Patliputra Telephone Exchange Road, Kurji, Patna 800 010 Bihar Website: www.sisindia.com Tel: +91 80 2559 0801
CIN: L75230BR1985PLC002083
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| S. | Particulars | Details |
|---|---|---|
| No. | ||
| 6 | Time within which options may be | The exercise period shall be 2 years from the |
| exercised | date of last vesting. |
Kindly take the same on record.
Thanking you.
For SIS Limited Pushpalatha K Company Secretary
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SIS Limited
(Formerly Security and Intelligence Services (India) Limited) Address for correspondence: #106, 1[st] Floor, Ramanashree Arcade, 18 MG Road, Bangalore- 560 001, Karnataka Registered office: Annapoorna Bhawan, Patliputra Telephone Exchange Road, Kurji, Patna 800 010 Bihar Website: www.sisindia.com Tel: +91 80 2559 0801
CIN: L75230BR1985PLC002083