Page 67 - Annual Report 2019-20

ANNExuRE 4 TO ThE DIRECTORS’ REPORT 65

Disclosure regarding Employee Stock Option of the Company for the year ended 31 March 2020
st
Sr. No. Particulars Employee Stock Option Scheme-2012 Employee Stock Option Plan-2016
A. Relevant disclosures in terms of the ‘Guidance note on accounting for employee share-based payments’ (ii) Method used to account Fair value method* Fair value method*
issued by ICAI or any other relevant accounting standards as prescribed from time to time. Members may for ESOS PIDILITE ANNUAL REPORT 2019-20
refer to the audited financial statement prepared as per Indian Accounting Standard (Ind-AS) for the
year 2019-20. (iii) (a) Difference between N.A N.A
the employee
B. Diluted EPS on issue of shares pursuant to all the schemes covered under the regulations shall be disclosed compensation cost
in accordance with ‘Accounting Standard 20 - Earnings Per Share’ issued by ICAI or any other relevant computed as per
accounting standards as prescribed from time to time. Diluted EPS for the year ended 31 March 2020 is intrinsic value method
st
21.68 calculated in accordance with Ind-AS 33 (Earnings per Share). and the employee
compensation cost as
per the fair value of the
C. Details related to Employees’ Stock option of the Company for the year ended 31 March 2020:
st
options
(i) (b) The impact of this N.A N.A
difference on profits
Sr. No. Particulars Employee Stock Option Scheme-2012 Employee Stock Option Plan-2016 and on EPS of the
Company
(a) Date of shareholders’ 24.07.2012 02.04.2016
approval *NOTE: Under IND AS, Fair value method is used for accounting.
(b) Total number of options 3,00,000 45,00,000 (iv) Option movement during the year - Employee Stock Option Scheme-2012 (ESOS-2012) and Employee Stock Option
approved under ESOS Plan 2016 (ESOP – 2016)
(c) Vesting requirements (a) On completion of 50% of the Options granted under the Plan shall vest Particulars ESOS – 2012 ESOP – 2016
12 months from the options not earlier than One year but not later than a
date of Grant maximum of Six years from the date of grant Number of options outstanding at the beginning of the period Nil 3,15,750
(b) On completion of Balance 50% of of such Options. Number of options granted during the year Nil 12,500
24 months from the the options In the case of Eligible Employee who has
date of Grant Number of options forfeited / lapsed during the year Nil 11,900
not completed 3 years of employment as
In the case of employees who have not on date of the grant of Options then the Number of options vested during the year Nil 1,55,850
completed 3 years of employment as on Options which are due for Vesting before Number of options exercised during the year Nil 1,45,500
date of the grant then all options which are completion of 3 years as above, shall vest as
due for Vesting shall vest as per (a) and on the completion of 3 years of employment Number of shares arising as a result of exercise of options Nil 1,45,500
(b) above OR on the completion of 3 years in the Company by the Employee concerned
of employment in the Company by the or as may be approved by the Compensation Money realized by exercise of options (INR) Nil 1,45,500
employee concerned whichever is later. Committee. Loan repaid by the Trust during the year from exercise price received N.A. N.A.
The Compensation Committee in its Number of options outstanding as on 31 March 2020 Nil 1,70,850
st
absolute discretion shall have the right to
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pre-pone the date of vesting. However the Number of options exercisable as on 31 March 2020 Nil 9,650
gap between the date of Grant and date
of Vesting shall not be less than minimum (v) Weighted-average exercise prices and weighted-average fair values of options
period prescribed by the Securities and Particulars Weighted average exercise Weighted average fair
Exchange Board of India. price per option ( ) value per option ( )
(d) Exercise price or As approved by the Shareholders in As approved by the Shareholders through Options granted on 27.07.2015 – ESOS 2012 1 521.11
pricing formula the Annual General Meeting held on Postal Ballot which was declared on 2 April
nd
th
24 July 2012, the exercise price shall be 2016, the exercise price shall be 1/- per Options granted on 29.01.2016 – ESOS 2012 1 532.20/525.01
1/- per option. The exercise price of the option. Options granted on 29.07.2016 – ESOS 2012 1 722.31
options granted till date is 1/- per option. The exercise price of the options granted till
730.61
date is 1/- per option. Options granted on 29.07.2016 – ESOP 2016 1 1 661.86
PIDILITE ANNUAL REPORT 2019-20 (f) Source of shares been granted in the year 2019-20. options need to be exercised within a Options granted on 08.11.2017 – ESOS 2016 1 1 1 1 1,112.48/1,127.85
All the options granted have been vested
Out of the options granted, the last date
Maximum term of
(e)
Options granted on 09.11.2016 – ESOS 2012
and have been exercised. No options have of vesting is 23 January 2024. The vested
options granted
rd
734.15
maximum period of three years from the
976.94
Options granted on 11.04.2018 – ESOP 2016
date of vesting of such options.
931.19/924.50
Options granted on 30.10.2018 – ESOP 2016
Primary
Primary
Options granted on 23.01.2019 – ESOP 2016
(primary, secondary or
combination)
1,124.69
(g)
Variation in terms
Options granted on 23.01.2020 – ESOP 2016
of options Not Applicable Not Applicable Options granted on 13.05.2019 – ESOP 2016 1 1 1,449.90/1,444.56/1,433.92
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