Britannia Industries Ltd has informed the Exchange that the Remuneration/ Compensation committee of the Board of Directors of the Company at its meeting held on May 27, 2009 has approved the grant of 15,000 options to Ms. Vinita Bali, Managing Director under the Employee Stock Option Scheme of the Company. Each option granted will entitle the employee upon exercise of the options, to receive one share of the Company. These options have been granted subject to the terms and conditions governing the ESOS included the following: 1) Vesting Period: A minimum period of one year from the date of grant. Accordingly the options will vest on May 26, 2010. 2) Exercise Price: Rs. 1,698.15 (Market price as at the close of May 26, 2009). 3) Exercise Period: To commence from the date of vesting and to expire not later than 3 years from the date of vesting.
| NIFTY 
