At meeting held on 16 June 2014
Texmaco Rail & Engineering announced that subject to the approval of the Shareholders in a General Meeting, the Board of Directors of the Company at its Meeting held on 16 June 2014 has approved the issue of up to 18,20,000 Equity Shares of Re 1 each i.e. not exceeding 1% per cent of the issued and subscribed Share Capital of the Company as on 31 March 2014 to Eligible Employees who are either Executive Directors and/or Employees of the Company pursuant to SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999. The Board has also authorized the Compensation Committee of the Board to administer and implement proposed ESOP Scheme of the Company and matters relating thereto in terms of the Scheme approved by the Board.Powered by Capital Market - Live News
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