Godrej Consumer Products has informed that in terms of Employee Stock Grant Scheme 2011 (ESGS 2011), the HR & Compensation Committee vide resolution dated July 27, 2012 approved the granting 5941 stock grants to eligible employees of the company. In terms of the scheme, one stock grant represents one equity share of the company.
Further, the eligible employee shall be entitled to exercise the options vested in them, within one month from the date of vesting or such dates as may be determined by the HR & Compensation Committee and the exercise price shall be Rs. 1 per equity share. The equity shares vested in the eligible employee shall be allotted on payment of the exercise price.
The above information is a part of company's filings submitted to BSE.
