Vaibhav Global has informed that the Board of Directors at its meeting held on Thursday, 27th January, 2022 has considered and approved the following: The Unaudited Financial Results (Consolidated and Standalone) under Ind AS for the quarter / nine months ended 31 st December, 2021; 3 rd Interim Dividend of Rs 1.50 per Equity Share (on the face value of Rs 2 per Equity Share) for the financial year 2021?22. The Record Date for determining the entitlement of the shareholders for the payment of aforesaid interim dividend shall be Saturday, 5 th February, 2022 and Interim dividend shall be paid / dispatched to the equity shareholders of the Company within 30 days from the date of declaration; Grant of 8,726 Restricted Stock Units (RSUs) convertible into 8,726 Equity Shares of face value of Rs 2 each under VGL RSU Plan – 2019. The brief terms of grant are as under:The exercise price of the RSUs is face value of equity share of the Company, Rs 2 per unit; The units granted under RSU Plan - 2019, will vest as per the following table Year % of Grant On Completion of One year from the date of grant of Unit 20% On Completion of Two years from the date of grant of Unit 30% On Completion of Three years from the date of grant of Unit 50%; Exercise Period ? 3 (Three) Months from the date of respective vesting of the Units. The Meeting of Board of Directors was commenced at 19:00 hours (IST) and concluded at 23:30 hours (IST).
The above information is a part of company’s filings submitted to BSE.
