GTL Ltd has informed that the Nomination & Remuneration Committee of the Board of Directors of the Company at its meeting held on August 03, 2007 has considered and approved allotment of 74,578 Equity Shares of Rs 10/- each for cash at a premium in terms of the ESOP Schemes, upon exercise of option for conversion of Warrants, as detailed below:
1. Employees Stock Option Scheme - 2001 : 26,543 equity shares
2. Employees Stock Option Scheme - 2001 Subsidiary : 300 equity shares
3. Employees Stock Option Scheme - 2002 : 29,985 equity shares
4. Employees Stock Option Scheme - 2002 Subsidiary : 17,750 equity shares
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