Kale Consultants nods ESOP

Kale Consultants Ltd has informed BSE that at the Extraordinary General Meeting held on February 06, 2003, the members have authorised the Board to create, offer issue and allot at any time to or to the benefit of such person(s) who are in permanent employment, present and future, of subsidiary company(s) whether Indian or foreign subsidiaries, now or hereinafter existing, including any directors of the subsidiary company(ies), present and future, whether whole time or otherwise, under a scheme titled Kale Consultants Employees Stock Option Scheme (ESOP) such number of equity shares and / or equity linked instruments (including options) and / or any other instruments or securities of the company which could give rise to issue of equity shares not exceeding 10% of the issued equity share capital on December 31, 2002,

at such price, in one or more tranches, and on such terms and conditions as may be fixed or determined by the Board in accordance with the guidelines or other provisions of the law or guidelines issued by the relevant authority or as may be prevailing at that time.

BSE Code: 532268