Jubilant Organosys Ltd has informed that the meeting of the Compensation Committee of the Board of Directors held on October 16, 2007, allotment of 15,860 equity shares of Re 1/- each at a price of Rs 201.33 per share, has been made pursuant to exercise of 3172 options earlier granted under the Jubilant Employees Stock Option Plan 2005.
Further 14,400 Options have been granted to eligible employees of the Company on October 16, 2007 in accordance with Jubilant Employees Stock Option Plan, 2005. Each option shall entitle the holder to subscribe to 5 equity shares of Re 1/- each at a price of Rs 295.35 per share.
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