Max India has informed that the Nomination and Remuneration Committee of the Company has granted 22,155 Stock Options to Mohit Talwar, Managing Director of the Company under the Max India Employee Stock Plan 2016 on April 1, 2017. The aforesaid Options entitle Mohit Talwar one equity share of Rs 2 each for cash at par for every one Option exercised. The said Options will be vested with Talwar in a graded manner over a period of three years from April 1, 2018.
The above information is a part of company’s filings submitted to BSE.
