Regulations 30 of the SEBI (LODR) Regulations, 2015
Subject: Intimation of grant of options under RSU Plan 2019 of the Company
Dear Sir/Madam,
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that on the recommendation of Nomination and Remuneration Committee, the Board of the Company at its meeting held on August 3, 2023 approved grant of 5,000 Restricted Stock Units under the Restricted Stock Units Plan, 2019 ("RSU Plan") of the Company.
Stock Units granted shall become exercisable upon completion of a period of 3 years from the grant date. Upon exercise, each stock unit shall result into one equity share of face value of Re. 1 each.
You are requested to take the same on your records.
Thanking you,
For Eicher Motors Limited
Atul Sharma
Company Secretary
Eicher Motors Limited
Registered Office
Corporate Office:
CIN: L34102DL1982PLC129877
#96, Sector - 32
3rd Floor - Select Citywalk
Gurugram - 122001
A - 3, District Centre, Saket
Haryana, India
New Delhi - 110 017, India
Tel +91 124 4415600
Tel +91-11-41095173, Email: info@eichermotors.com
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Eicher Motors Ltd. published this content on 03 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2023 12:25:42 UTC.
Eicher Motors Limited is an India-based multinational automobile company. The Company is engaged in the manufacturing and selling of motorcycles, spare parts and related services. The Company primarily operates in the automotive segment. The automotive segment includes all activities related to development, design, manufacture, assembly and sale of two-wheelers as well as sale of related parts and accessories. Its flagship brand Royal Enfield, which is engaged in motorcycle business. Royal Enfield's motorcycle products include Interceptor 650, Continental GT 650, Classic, Bullet and Himalayan. Royal Enfield's portfolio also includes apparels and motorcycle accessories, including protective riding apparel, riding accessories, protective seats, bodywork, controls, wheels, luggage and engine. Its commercial vehicle business is led by VE Commercial Vehicles. Its joint venture with AB Volvo, VE Commercial Vehicles Limited (VECV), includes a range of Eicher branded trucks and buses.