Page 90 - Kolte Patil AR 2019-20

ANNEXURE VI
Disclosure with respect to Employee stock option scheme of the Company
A) For disclosures in terms of the ‘Indian Accounting Standard 33 - Earnings Per Share’, please refer Note no. 38 of the Standalone Financial Statements of the Company for the year ended 31 March 2020.
B) Diluted EPS on issue of shares : C8.43
C) The details pursuant to Regulation 14 of SEBI (Share Based Employee Benefits) Regulations, 2014 are furnished hereunder:
Sr. No.
1.
2. 3.
4.
5.
6. 7.
8.
9. 10.
Nature of Disclosure
A description of each Employee Stock Option Scheme (ESOS) that existed at any time during the year, including the general terms and conditions of each ESOS
Date of shareholders’ approval
Total number of options approved under ESOS
Vesting requirements
Exercise price or pricing formula
Maximum term of options granted Source of shares (primary, secondary or combination)
Variation of terms of Option
Method used to account for ESOS Weighted-average exercise prices and weighted-average fair values of options
Employee stock option scheme (ESOS 2014)
The ESOS was approved by Board of Directors of the Company on 13 August, 2014 and thereafter by the shareholders on 13 September 2014. A Nomination and Remuneration committee comprising of independent directors and Non- Executive Director of the company administers the ESOS plan. Each option carries with it the right to purchase one equity share of the company.
13 September 2014 2,500,000
The options will be vested as per vesting schedule/plan defined in Scheme and vested over a period of 3 years/ 5 years/ 7 years. The vesting is subject to vesting conditions as per defined in Scheme.
The Exercise Price shall be determined by Nomination and Remuneration Committee at the time of grant of option.
The maximum exercise period is 5 year from the date of vesting. Primary
Not Applicable
Fair value
Refer Note No. 45 of the Standalone Financial Statements
D) Option movement during FY 2019-20 :
Particulars
31 March 2020 31 March 2019 379,000 26,500 0 379,000 0 10,000 0 16,500 0 16,500 0 16,500 0 C2,326,500
N.A. N.A. 379,000 379,000 379,000 379,000
Number of
Number of
Number of
Number of
Number of
Number of
Money realized by exercise of options (INR), if scheme is implemented directly by the company
Loan repaid by the Trust during the year from exercise price received Number of options outstanding at the end of the year
Number of options exercisable at the end of the year
options outstanding at the beginning of the period options granted during the year
options forfeited / lapsed during the year Number options vested during the year
options exercised during the year
shares arising as a result of exercise of options
E) The Company has not granted any stock options to senior managerial personnel nor to any employee in excess of 5% or more of option granted during that year and nor to any identified employees who were granted option, during any one year equal to or exceeding 1% of the issued capital (excluding outstanding warrants and conversions) of the company at the time of grant.
88 | Kolte-Patil Developers Limited