On 12 May 2018
The Board of directors of Hindustan Oil Exploration Co., in its meeting held on 12 May 2018 transacted the following items of businesses: 1. Approved the standalone and consolidated financial results of the company as per Indian Accounting Standards (IND-AS) for FY 31 March 2018. 2. Take on record auditors' report on standalone and consolidated financial results for FY 31 March 2018. 3. Approved payment of director's commission not less than 1% of its net profit to non- executive independent directors, subject to shareholders' approval. 4. The Board approved vesting of 1000000 stock options to P Elango, MD and 750000 stock options to R Jeevanandam, whole time director and CFO subject to intimation submitted to stock exchange on 20 January 2018. 5. The remainder of the ESOP Scheme as approved by shareholders in AGM.Powered by Capital Market - Live News
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