South Indian Bank has informed that the Board of Directors of the company at its meeting held on May 20, 2013, has considered and approved to create additional options under South Indian Bank Employees Stock Options Scheme such that total number of options granted under the scheme shall not exceed 5% of the total number of fully paid-up Equity Shares of the Bank, from time to time, as on the date(s) of Grants of Options, under the Scheme and to amend certain terms of the existing Employee Stock Option Scheme.
The above information is a part of company’s filings submitted to BSE.
