Employee Stock Option/ Share Scheme::Outcome of Board Meeting

Issuer & Securities

Issuer/ Manager
MOSER BAER INDIA LIMITED
Securities
MOSER BAER US$75M CB120621A - XS0304908600 - 3HSB
MOSER BAER US$75M CB120621B - XS0304909673 - 3HTB
Stapled Security
No

Announcement Details

Announcement Title
Employee Stock Option/ Share Scheme
Date &Time of Broadcast
03-Jun-2015 19:00:39
Status
New
Announcement Sub Title
Outcome of Board Meeting
Announcement Reference
SG150603OTHRABDI
Submitted By (Co./ Ind. Name)
Neeraj Parmar
Designation
Company Secretary
Effective Date and Time of the event
02/06/2015 18:00:00
Description (Please provide a detailed description of the event in the box below)
Pursuant to Clause 16 of the Listing Agreement, kindly be informed that the Company s Register of Members and Share Transfer Book shall remain closed from Thursday, June 25, 2015 to Tuesday, June 30, 2015 (both days inclusive) for the purpose of Annual General Meeting of the Company which is scheduled to be held on Tuesday, the 30th day of June, 2015.
The Board proposed passing of resolution by Shareholders subject to necessary regulatory and/ or other approvals, enabling the company to issue and allot equity shares, warrants, non-convertible debentures, Foreign Currency Convertible Bonds which are convertible into equity shares, American Depository Receipts and Global Depository Receipts reflected by underlying equity shares of the Company or other securities convertible into equity shares of the Company etc. for an aggregate value of upto USD 125 million with an object of restructuring of existing debt/ securities (by amending the terms of the outstanding and/ or issuance of new in exchange for outstanding) and/or raising long term resources through issue and allotment of further securities in one or more tranches.

Pursuant to changes in applicable regulatory requirements and prevailing market conditions, the Board has proposed resolutions for the approval of the shareholders at the ensuing Annual General Meeting, to terminate the existing ESOP/DSOP schemes and approval of a new ESOP 2015 scheme for the employees of the Company and its subsidiaries.

Attachments

Outcome of Board Meeting.pdf
Total size =109K