The committee of Ramco Systems has approved grant of 20,000 equity stock options under the Employees Stock Option Scheme 2009 - Plan A. The stock options are convertible into equivalent equity shares of Rs. 10 each at the time of exercise of the stock options. The exercise price of the Stock Options granted is Rs. 98 per share, being the closing market price of the company's shares as quoted on The Bombay Stock Exchange on 26 October 2009. The exercise price is determined in accordance with the provisions of SEBI.

The options granted would vest over a period of three years. The options other than those vested in the first year, shall vest on a quarterly basis and the options under the first year shall vest at the end of one year from the date of grant. Subject to the provisions of the Scheme, at the end of each vesting period the employee has a period of 10 years to exercise the options covered under the said vesting period. However, if the employee carries forward the options to the subsequent exercise periods, the carried forward options has to be exercised within a period of 10 years from the date of vesting of the final lot.

This was approved at the committee meeting held on 27 October 2009.