Page 68 - Arvind 2024

Annexure - A to the Directors’ Report
Disclosures required in the Directors’ Report pursuant to Clause 12 (9) of the Companies (Share Capital and Debentures) Rules, 2014 as on March 31, 2024:
1
Description of ESOS
ESOP 2016
(a) Date of shareholders’ approval (b) Total number of shares approved (c) Vesting requirements
(d) Exercise price or pricing formula
(e) Maximum term of options granted (f) Source of shares
(g) Variation of terms of options
2 Method used to account for ESOS
3 Where the Company opts for expensing of the
options using the intrinsic value of the options, the difference between the employee compensation cost so computed and the employee compensation cost that shall have been recognized if it had used the fair value of the options shall be disclosed. The impact of this difference on the profits and EPS of
the Company shall also be disclosed.
(i) Difference between Intrinsic value and Fair value compensation cost
(i) Impact on the Profits of the Company (Rs.)
(ii) Impact on Basic Earnings Per Share of the
Company (Rs.)
(iii) Impact on Diluted Earnings Per Share of the
Company (Rs.)
4 Option movement during the year:
(a) Options Outstanding at the beginning of the year
(b) Options issued during the year (pursuant to the Scheme)
(c) Options forfeited / lapsed during the year
(d) Options vested during the year
(e) Options exercised during the year
(f) Number of shares arising as a result of
exercise of option
(g) Money realised by exercise of options (Rs.)
(h) Loan repaid by the Trust during the year from
exercise price received
(i) Options Outstanding at the end of the year
(j) Options Exercisable at the end of the year
September 23, 2016 15,00,000
Options vest over minimum 1 year and maximum 5 years based on continued service and certain performance parameters.
An exercise price will be equal to the latest available closing price, prior to the date of the meeting of the Board in which the options are granted, on the stock exchange on which the equity shares of the Company are listed, or such other price as the Nomination and Remuneration Committee may decide at its discretion and as per applicable laws.
9 years from the date of grant Primary
None
Fair Value Method
Not applicable
The Company follows fair value method of accounting for options.
Not Applicable
Not Applicable
Not Applicable
8,20,000 0
0 5,50,000 32,000 32,000
3,49,29,000 Not Applicable
7,88,000 5,18,000
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