GTL Ltd Approved Allotment Of 149,074 Equity Shares- March 20, 2009

GTL Ltd has informed that the Nomination & Remuneration Committee of the Board of Directors of the Company at its meeting held on March 19, 2009, considered and approved allotment of 149,074 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. Particulars of Scheme : Employees Stock Option Scheme 2001
- Number of Equity Shares : 66383

2. Particulars of Scheme : Employees Stock Option Scheme 2002
- Number of Equity Shares : 15640

3. Particulars of Scheme : Employees Stock Option Scheme 2002 Subsidiary
- Number of Equity Shares : 49277

4. Particulars of Scheme : Employees Stock Option Scheme 2004
- Number of Equity Shares : 16524

5. Particulars of Scheme : Employees Stock Option Scheme 2004 Subsidiary
- Number of Equity Shares : 1250.