Jubilant Life Sciences updates on exercise of options

Under ESOP

Jubilant Life Sciences announced that 21,182 options under Jubilant Employees Stock Option Plan 2005 ("Plan 2005") and 92,673 options under JLL Employees Stock Option Plan 2011 ("Plan 2011") have been exercised by the option holders.

Pursuant to the terms of Plan 2005 and Plan 2011, the Nomination, Remuneration and Compensation Committee of the Company (the "Committee") has approved, on 02 September 2015, transfer of 1,98,583 equity shares of Re.1 each of Jubilant Life Sciences from Jubilant Employees Welfare Trust to the eligible option holders.

Further, pursuant to the provisions of Plan 2005 read with the Scheme of Amalgamation and Demerger between the Company, Speciality Molecules, Pace Marketing Specialities and Jubilant Industries (JIL), the Committee has also approved transfer of 5,292 equity shares of Rs.10 each of JIL to the eligible option holders.

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