Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), Sapphire Foods India has informed that Board of Directors of Sapphire Foods India (the Company) at its meeting held today, on Tuesday, March 8, 2022, has considered and approved the following,: Pursuant to the recommendation of the Nomination and Remuneration Committee and subject to the approval of shareholders, increase in ESOP Pool by additional 14,94,856 Stock Options and subsequent amendment to ‘Sapphire Foods Employee Stock Option Plan 2017’ and introduction and implementation of ‘Sapphire Foods Employee Stock Option Scheme 2022 – Scheme III A – Management Other than CEO’ and ‘Sapphire Foods Employee Stock Option 2022 - Scheme IV A - CEO’. The Board has further approved (enabling resolution) for grant of stock options to the Whole-time Director & Group CEO exceeding 1% of issued capital and paid up capital; Conducting Postal Ballot for approval of shareholders, inter-alia, for ESOP related matters, as mentioned hereinabove. The notice of Postal Ballot will be submitted in due course.
The above information is a part of company’s filings submitted to BSE.
