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Havells India

1st-Apr-2020 20:54Source: BSE

Havells India - Announcement Under Regulation 30 - Vesting Of Shares To Eligible Employees Under The ESPS Plans Of The Company

In terms of Para B of Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with corresponding circulars and notifications issued thereunder, it is hereby informed that the Company viz. Havells India Limited, in terms of its subsisting employee stock purchase plans, which are administered by Havells Employees Welfare Trust, has on the instructions of the Nomination and Remuneration Committee Meeting held on 31st March, 2020, in respect of the financial year 2019-20, effected the Vesting of Shares to Eligible Employees on 1st April, 2020, under the Employees Stock Purchase Plans of the Company.

The Exercise period in terms of the respective employee stock purchase plans is 30 days from the date of vesting of shares.