Kpit Cummins Grant Of Options That The Company - Nov 20, 2008

Kpit Cummins Infosystems Ltd has informed that the HR & Compensation Committee of the Company, vide the resolution passed at its meeting held on October 20, 2008, have approved the grant of up to 2.22 Million options convertible into 2.22 Million equity shares of Rs 2/- each at a price of Rs 27.45 per share (Closing price at National Stock Exchange on October 17, 2008) to various grantees, including independent directors.

Of the Company as per the List tabled in the meeting, under the Companys Employee Stock Option Plan 2006 (ESOP 2006 Scheme, duly approved by the members of the Company vide their resolution dated August 28, 2006, passed at the Extra Ordinary General Meeting of the Company), as per the terms and conditions of the ESOP 2006 Scheme.

The vesting of the Options for employees will be based on the performance of the employees and the Company.

The vesting schedule of the options is as follows:
1. Vesting Schedule (Performance Assessment Year): 2008-09
% Vesting: 30%

Date of Vesting: October 30, 2009
2. Vesting Schedule (Performance Assessment Year): 2009-10
% Vesting: 30%

Date of Vesting: October 30, 2010
3. Vesting Schedule (Performance Assessment Year): 2010-11
% Vesting: 40%

Date of Vesting: October 30, 2011.