Sub: Outcome of the meeting of Nomination and Remuneration Committee - Regulation 30 of the SEBI {Listing Obligations and Disclosure Requirements) Regulations, 2015.
Ref.: Grant of Options to the eligible employees of the Company pursuant to FEL Employee Stock Option Plan - 2015 {FEL ESOP- 2015).
This is to inform that the meeting of Nomination and Remuneration Committee ("the Committee") of the Company held today i.e. on 13th August, 2018 and infer-alia has considered and approved the grant of Options to eligible employees of the Company under FE L ESOP - 2015 the detai ls of which are as under:
Number of Options granted
42,45,000 Options
Number of Options granted
42,45,000 Options
Vesting Period
After the expiry of 12 months, 24 months and 36 months from the date of arant. as the case mav be.
Exercise Period
Not later than 3 vears from the date of vestina
Exercise Price
t 21.60/- per Equity Share
Conversion
Each Option is conve rtible into 1 (One) Equity Share oft 2/- each
Ki ndly take the above information on your records Thanking you,
Yours faithfull y,
For Future Enterprises Limited
~v-1
Deepak Tanna
Company Secretary
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Future Enterprises Limited published this content on 13 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 August 2018 10:39:04 UTC
Future Enterprises Limited is an India-based integrated fashion business company. The Company is engaged in the business of manufacturing, trading, leasing of assets, logistics services and joint ventures with life and non-life insurance services. The Company provides solutions to general retailers/retail stores and wholesale trading of fast-moving consumer goods products. Its business Future Supply Chain (FCS), which provides information technology enabled end to end supply chain and logistics, such as warehousing, express logistics, cold chain, and e-commerce logistics. Its Future Generali India Insurance business provides solution to customers and enterprises through retail, commercial, personal, and rural product offerings. Its Work Stores Limited is engaged in consumption space of office supplies, office equipment and products. Its subsidiaries include Futurebazaar India Limited, Future Media (India) Limited, Bluerock eServices Private Limited, and Ritvika Trading Private Limited.