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Ceinsys Tech informs about outcome of board meeting

14 Apr 2022 Evaluate

In furtherance to intimation dated 11.04.2022 & pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015, Ceinsys Tech has informed that the Board of Directors of the Company at its meeting held today i.e., Thursday, 14.04.2022 has considered: Approved amendments to draft 'Ceinsys Employee Stock Option Scheme 2022-Plan 2' ('Plan 2') which was approved by Board on recommendation of NRC on 31.03.2022, by removing 16,00,000 performance based stock options from Plan 2 thereby reducing ESOP Pool size from 23,41,812 stock options to 7,41,812 stock options. All terms & conditions of Plan 2 relating to fixed portion of stock options as approved by Board in its meeting held on 31.03.2022 & as disclosed in outcome letter dated 31.03.2022, shall remain same. Pursuant to aforesaid amendments in Plan 2, Board approved consequential amendments to Notice of Postal Ballot which was approved by Board in its meeting held on 31.03.2022. The said notice of postal ballot shall be circulated in due course of time for approval of shareholders of the Company.

The above information is a part of company’s filings submitted to BSE.

Ceinsys Tech Share Price

758.45 -3.35 (-0.44%)
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