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Unichem Laboratories Ltd. — Capital/Financing Update 2023
Feb 6, 2023
61109_rns_2023-02-06_f4f4e399-0961-465c-8163-f2f42619063a.pdf
Capital/Financing Update
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Date: 6[th] February 2023
Department of Corporate Services . National Stock Exchange of India Limited Bombay Stock Exchange, Exchange Plaza Phiroze Jeejeebhoy Towers, Bandra Kurla Complex Dalal Street, Bandra (East) Mumbai – 400 001 Mumbai- 400 051 Script Code : 506690 Symbol : UNICHEMLAB
Dear Sir/Madam,
Sub.: Extension of the exercise period for the options granted and vested under Unichem
Employee Stock Option Scheme 2018.
Pursuant to Regulation 30 of SEBI Listing Regulations, 2015 and further to our letter dated August 7, 2018 filed with the exchanges, we wish to inform you that pursuant to the powers conferred under the duly approved Unichem Employee Stock Option Scheme 2018 of the Company (" Scheme ”), the Nomination and Remuneration Committee (“NRC”) of the Board of Directors of the Company at its meeting held on February 6, 2023, have extended the exercise period of the first tranche of vested options held by the option holders under the Scheme. Rest of the terms and conditions of the options so granted remain unchanged.
Total Options Granted as disclosed under the Letter: 15,12,224 options have been granted by the NRC in terms of the Scheme. None of these options have been exercised till date.
| Tranche of Options |
Vesting Date | Current Exercise period |
Extended Exercise Period |
|---|---|---|---|
| 50% of the Options Granted |
1stApril 2022 | Within 15 months from the vesting date (Upto 30THJune 2023) |
The Current exercise period is extended by additional 12 months Upto 30thJune 2024) |
| Balance 50% of the Option Granted |
1stApril 2023 | Within 15 months from the vesting date Upto 30THJune 2024) |
No change |
The Company has received In Principle Listing Approval for the shares arising out of exercise of options under the Scheme, from BSE Limited and NSE Limited.
Please take the above on record.
Thanking you, For UNICHEM LABORATORIES LIMITED
PRADEEP Digitally signed by PRADEEP BHANDARI BHANDARI Date: 2023.02.06 13:33:54 +05'30' PRADEEP BHANDARI Head- Legal & Company Secretary
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Registered Office: Unichem Bhavan, Prabhat Estate, Off S. V. Road Jogeshwari (West), Mumbai – 400 102, Maharashtra, India.