Godrej Industries' committee approves exercise of stock optionsThe committee of Godrej Industries has noted the lapse of 10,000 options under GIL ESOP I, due to resignation of an employee.Further, 3,04,500 options under GIL ESOP I and 42,000 options under GIL ESOP II have been exercised by the option grantees. The total number of options exercised under the GIL ESOP I and GIL ESOP II is 24,04,500 and 54,000 options respectively, equivalent of an aggregate of 24,58,500 equity shares of Re 1 each.The company has informed that, since the options granted under the GIL ESOP I & II is administered through GIL ESOP Trust (trust), whereby shares are purchased by the trust from the open market based on the options granted by the compensation committee of the board of directors, there is no change in the issued, subscribed or paid-up capital of the company on account of exercise of the options.