Bajaj Electricals: Grant Of Options Under ESOP 2015

The Nomination and Remuneration Committee of the Board. of Directors of the Company at its meeting held today i.e. on January 2, 2019, has granted 102500 Stock Options exercisable into an equal number of Equity Shares under Employee Stock Option Plan 2015 (ESOP 2015) to 74 eligible employees, at a price of Rs.513.55 per option, being the closing price on the day preceding to the date of the Meeting on National Stock Exchange (NSE) where the traded volume was high. These options will vest in the favour of the option grantees over a period of 4 years from the date of grant as per ESOP 2015. The Stock Options granted are within the Plan Size of 3027073 Stock Options under ESOP 2015.