JMC Projects - Outcome Of Remuneration Committee Meeting

JMC Projects India Ltd has informed that Remuneration Committee at its meeting held on July 21, 2007 have approved the Employee Stock Option Scheme 2007 (ESOP Scheme 2007).

The Remuneration Committee has granted 6,00,000 options to eligible employees including directors under ESOP Scheme 2007. The said Stock options are exercisable not earlier than one year and not later than five years from the grant of these options with variable vesting during each year depending on performance, seniority of the employee and future potential of the employee.