Page 284 - BCML AR 2019-20

FINANCIAL STATEMENTS

Notes forming part of the Consolidated Financial Statements

Note No. : 37 Other disclosures (Contd.)

The details of Options granted, lapsed and exercised as at 31st March, 2019 are as under :
Particulars During Year ended Cumulative Upto
31st March, 2019 31st March, 2019
Year of Issue 2008-09
Series 5th Series
Date of grant of Option 28/05/2009
Initial exercise price (H) 45.00
Not Applicable
Revised exercise price (H) Not applicable
Market price on the date of grant (H) 82.35
Excess of initial exercise price over revised exercise price (H) Not applicable
Excess of market price over exercise price/ revised exercise price (H) 37.35
Options vested (Nos.) 4593000
Outstanding at the beginning of the year (Nos.) 25500 5245500
Granted (Nos.) - -
Exercised (Nos.) * - 4422500
Forfeited/Lapsed and expired (Nos.) 25500 823000
Outstanding at the end of the year (Nos.) - -
Exercisable at the end of the year (Nos.) - -
Money realised on exercise of Options (H in Lacs) - 2014.29

* Includes 10,000 options which were exercised within 31st March, 2018 against which allotment of equity shares were made during the
year ended 31st March, 2019.
Total Number of Options outstanding/exercisable as at 1st April, 2018 relating to 1st, 2nd, 3rd and 4th series is Nil. Therefore, in the above
table related information has been excluded under during the year ended 31st March, 2019, however, included under cumulative upto 31st
March, 2019.

Other information:
(a) Total number of equity shares arising as a result of exercise of Options as at 31st March, 2019 : 4422500
Options equivalent to 10,000 equity shares were exercised during the year ended 31st March, 2018, however, equity
shares against the Options exercised were allotted during the year ended 31st March, 2019.

(b) Details of Options granted to :-
(i) Senior Managerial Personnel: No Options have been granted during the year ended 31st March, 2019;
(ii) Any other employee who receives a grant in any one year of Options amounting to 5% or more of Options granted during
year ended 31st March, 2019 : Nil.

282 | Balrampur Chini Mills Limited