Havells India has informed that subject to the approval of the shareholders of the Company viz. Havells India Limited, sought by way of a postal ballot u/s 110 of the Companies Act, 2013 and Rules framed there under, the Board of Directors upon the recommendation of the Nomination and Remuneration Committee, in its Meeting held on September 23, 2015, has approved the introduction of an additional employee stock purchase plan in the Company titled ‘Havells Employees Stock Purchase Plan 2015’ framed in accordance with the SEBI (Share Based Employee Benefits) Regulations, 2014.
The above information is a part of company’s filings submitted to BSE.
