Procedures

01
step


Hold a board meeting to consider and approve ESOP and formation of Compensation Committee.

02
step


Hold General Meeting for Shareholders approval

03
step

Issue of letter of grant of option to the eligible employee's alongwith the letter of acceptance of option

04
step

On receipt of letter of acceptance of option alongwith upfront payment, from the employee, issue the option certificates

05
step

After expiry of vesting period, the options shall vest in the employee. At that time, the Company shall issue a letter of vesting alongwith the letter of exercise of options

06
step

Receipt of letter of exercise from employee during the exercise period

07
step

Hold a Board Meeting at the Suitable interval during the exercise period for allotment of shares on options exercised by the employees.

08
step

Dispatch of letter of allotment alongwith the share certificates

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