Godrej Properties has informed that the Nomination and Remuneration Committee of the Board of Directors of the Company has today May 03, 2024, approved the grant of 22,015 stock options to eligible employees of the Company under the Godrej Properties Employee Stock Grant Scheme, 2011 (GPL ESGS), subject to the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended from time to time at an exercise price of ?5 (Rupees Five Only) per option. Each stock option entitles the holder to apply for 1 (one) Equity Share of the Company of Face Value of ?5 (Rupees Five Only) per option.
The above information is a part of company’s filings submitted to BSE.
