Godrej Industries Issues Stock Grants Under ESGS 2011

Godrej Industries Ltd's Nomination and Remuneration Committee approved the grant of 35,998 stock options to eligible employees under the Employee Stock Grant Scheme 2011 (ESGS 2011). The exercise price is ₹1 per option, with each option entitling the holder to one equity share of face value ₹1. The options vest over three years and are exercisable within one month from the vesting date. The committee also noted the lapse of 4,347 stock grants under the same scheme.