Unichem Laboratories: Grant under Employee Stock Option Scheme - 2008

Unichem Laboratories Ltd has informed BSE that as required under Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, the Compensation Committee of the Board of Directors of the Company in its meeting held on March 08, 2014 has granted 2,25,000/- (Two Lac Twenty Five Thousand) equity shares to the Employees of the Company in terms of its Employee Stock Option Scheme - 2008.

Against each option, the grantee will have a right to apply for and get allotted one equity share at an exercise price of Rs. 46/- (Rupees Forty Six Only). The vesting period for the said option is a graded manner over five years as prescribed in the approved existing Scheme.