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Jubilant Life Sciences has informed the exchanges that the Jubilant Employees Welfare Trust had un-appropriated inventory of 29,65,766 equity shares of the company of ₹1 each as on October 28, 2014, which are not backed by grant of options. Further, according to the provisions of the Jubilant Employees Stock Option Plan 2005, the option holders are also entitled to one equity share of ₹10 each of JIL for every 20 equity shares of ₹1 each of the company to be issued on exercise of the options. Jubilant Life Sciences had entered into a scheme of amalgamation and demerger with Speciality Molecules, Pace Marketing Specialities and Jubilant Industries. Shares of Jubilant Life Sciences slipped 3.86 per cent at ₹408.45 on the NSE.
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