Mumbai, December 9, 2021: GMM Pfaudler Limited (GMMP) announced an Employee Stock Option Plan (ESOP) program for key employees across all geographies with a view to ensure employee alignment and retention.
The ESOP program which has been approved by the Shareholders of the Company on December 2, 2021, envisages granting of 51,161 stock options representing ~0.35% of the total paid-up share capital of the Company.
Speaking on this initiative, Mr. Tarak Patel, Managing Director, GMM Pfaudler said, “We at GMM Pfaudler have always believed that our employees are our most important asset. Without their hard work and determination, we would not be where we are today. As we move towards becoming a truly global organization, a robust ESOP program will help us retain and attract talent.”
About GMM Pfaudler:
GMM Pfaudler Ltd. is a global and diverse company, employing over 1,500 employees and 14 manufacturing facilities across four continents. GMM Pfaudler is present in the market with several branded product lines covering a broad portfolio that includes fluoropolymers, filtration & drying, engineered column systems, lab & process glass, sealing technology, and glass-lined & alloy systems. Our Systems and Services capabilities allow us to support our customers from the lab to the full-scale production plant, including optimizing and improving the whole life cycle of any process equipment normally used in the chemical, pharmaceutical, and food industries.
More information is available at www.gmmpfaudler.com
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This press release is published by Uzi World Digital