Sarda Energy & Minerals has informed that the board of directors of the company at its meeting held on January 21, 2012, has approved the draft ESOP Scheme 2012 which entails, issue of 7,17,000 options convertible into equivalent number of shares as per the scheme. The scheme is subject to the approval of the members in the general meeting and other statutory clearances.
The above information is part of the company’s filing submitted to the BSE.