Dhani Services has informed that the Compensation Committee constituted by the Board of Directors of the Company has, at its meeting held today February 25, 2022, granted, under the ‘Dhani Services Limited Employees Stock Option Scheme(s) – 2008 & 2009’, 1,16,00,000 Stock Options, out of the lapsed / surrendered Stock Options, granted earlier, representing an equal number of equity shares of face value of Rs 2 each in the Company, at an exercise price of Rs 68 (against Rs 67.05, which is the latest available closing market price on the National Stock Exchange of India, as on February 24, 2022). In compliance with SEBI ESOP Regulations, the Promoter Director shall not be eligible to participate in such grant of Stock Options. The Stock Options so granted, shall vest within 5 years beginning from February 26, 2023, the first vesting date. The options vested under each of the slabs, can be exercised within a period of five years from the relevant vesting date.
The above information is a part of company’s filings submitted to BSE.
