Page 171 - Kolte Patil AR 2019-20

Year ended March 31, 2020
Snowflower Properties Private Limited
63
Tuscan Real Estate Private Limited
39
Kolte-Patil Family Ventures LLP
132
Kolte-Patil I-Ven Townships (Pune) Limited
1,550
Kolte-Patil I-Ven Townships (Pune) Limited
22
Skroman Switches Private Limited
149
NYP Healthcare Ventures LLP
1
Kolte-Patil Infratech Private Limited
214
Imagination Interior decorators LLP
15
Kolte-Patil I-Ven Townships (Pune) Limited
18
Notes forming part of the standalone financial statement
Account Balances
Payable towards reimbursement
Advance given for rent paid on properties
Inter Corporate Deposit payable
Interest on Inter Corporate Deposit payable
Advance Paid for Purchase of Raw material
Advance related to employee welfare
Advance Paid for Construction related services
Trade payable
Particulars
(H in Lakhs) Year ended
March 31, 2019
-
-
43
-
-
-
-
-
-
18
NOTE 44 - DETAILS OF CSR EXPENDITURE
a) Gross amount required to be spent by the Company during the year is H256 Lakhs (Previous Year H196 Lakhs).
b) Amount spent during the year on Construction / acquisition of any asset is HNil (Previous Year: HNil) and on purposes other than
Construction / acquisition of any asset is H404 Lakhs (Previous year H218 Lakhs). NOTE 45 - EMPLOYEE STOCK OPTION SCHEME
Employee stock option scheme (ESOS 2014)
The Company has instituted ‘Employee Stock Option Scheme 2014’ (ESOS 2014) for eligible employees of the Company. The vesting pattern of the schemes has been provided below. The options can be exercised over a period of 1 to 4 years from the date of grant. Each option carries with it the right to purchase one equity share of the Company at the exercise price determined by the nomination and remuneration committee at the time of grant.
The vesting period of the above mentioned ESOS Schemes is as follows –
Service period from date of grant
12 months 24 months 36 months 48 months
Vesting percentage of options
25% 25% 25% 25%
The options under this scheme vest over a period of 1 to 4 years from the date of the grant. Upon vesting, employees have 4 to 6 years (as per plan) to exercise the options.
The exercise period shall commence from the date of vesting of option and expire not later than 12 (Twelve) months from the vesting date of option. Options not exercised during any particular exercise period, can be carried forward to the subsequent exercise period(s), provided however that all the options, have to be exercised within a period of 2 years from the date of the vesting period in respect of the final lot, after which any unexercised Options will lapse.
Annual Report 2019-20 | 169