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Outcome of board meeting of Alicon Castalloy

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Capital Market

Held on 02 August 2016

Alicon Castalloy announced that the Board of Directors in their meeting held on 02 August 2016 has granted 4,65,333 (Four Lakh Sixty Five Thousand Three Hundred and Thirty Three) options to the employees under ESOP scheme approved by the shareholders in the 25th Annual General Meeting held on 30 December 2015.

The said grant of option is based on recommendation of Nomination and Remuneration Committee of the Company. Each granted option entitled the employee to an allotment of 1 (one) equity share.

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First Published: Aug 02 2016 | 7:11 PM IST

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