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Mahindra Rural Housing Finance informs about outcome of board meeting

03 Mar 2017 Evaluate

Mahindra Rural Housing Finance has informed that the Board of Directors, at its Meeting held on March 02, 2017 has subject to Members approval by way of special resolution(s) and such other approvals / consents, as may be necessary approved the MRHFL Employee Stock Option Plan 2017 (‘Plan’) for the Company to facilitate the grant of Stock Options, in one or more tranches, to eligible employees and Directors, including Whole time Director(s) but excluding Independent Directors of the Company, in accordance with the provisions of the Plan and in due compliance with the applicable laws and regulations. The Board also approved the setting up of a Trust for the administration of the Plan, provision of loan to the Trust and calling of an Extraordinary General Meeting of the shareholders towards approval by the shareholders of the Plan and the other related matters.

The above information is a part of company’s filings submitted to BSE.

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