Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) and Regulation 8 of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, INOX Leisure has informed that the Compensation, Nomination and Remuneration Committee (‘CNR Committee’) of the Board of Directors of the Company at its meeting held on Friday, 16th December, 2022, have considered and approved the following business: Noted the surrender of 5000 stock options which were granted under the said scheme to an eligible employee of the Company by CNR Committee at its meeting held on 24th June, 2022, exercisable into not more than 5000 fully paid up equity shares of Rs 10 each of the Company and Winding up of the INOX Leisure (ILL) - Employee Stock Option Scheme 2006 of the Company administered through INOX Leisure - Employees' Welfare Trust (the ‘Trust’). Further, the excess monies or shares remaining with the Trust after meeting all the obligations, if any, shall be utilised for repayment of loan or by way of distribution to employees, as recommended by the CNR Committee, as per Regulation 8 of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The above information is a part of company’s filings submitted to BSE.
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