Max India has informed that the board of directors of the company on December 12, 2012 granted 1,49,000 stock options to certain non executive directors of the company under the Max Employee Stock Plan - 2003. The aforesaid options entitle them one equity share of Rs. 2 each at par for every one option exercised and the said options will be vested on completion of one year from the date of grant, i.e. on December 12, 2013.
The above information is a part of company’s filings submitted to BSE.