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Friday, October 19, 2007

Polaris Software - Allotment Of Equity Shares Under ASOP

Polaris Software Lab Ltd has informed that the Shareholders Committee of the Board of Directors of the Company at its meeting held on October 17, 2007 has allotted 20,175 Equity Shares to its employees under the Associate Stock Option Plan 2000, 20001 & 2003. A brief summary of allotment is given hereunder:

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SchemeDate of GrantOption PriceNo of AllotteesNo of Shares(Rs)

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ASOP 2000October 18, 200171.501100

ASOP 2001September 26, 200157.0062,775

ASOP 2001October 18, 200171.5023,000

ASOP 2003June 26, 200676.60614,300

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Total1520175

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Posted by Indian-commodity at 11:51 AM

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