22.

Employee wise details of options granted to Key Management Personnel under ESOP 2014

 

‘Name and Designation No. of options No. of options No. of options No. of options
granted during | lapsed / cancelled exercised outstanding at the
the year /period end of the

year/period

 

Fiscal Year ending March 2018

 

Narayan Rao Z : 50,000 =

 

Fiscal Year ending March 2019 - - - |

 

Fiscal Year ending March 2020 : - - al

 

Period from April 1, 2020 till
the date of this Prospectus

 

 

List of Employees who received a grant in any one year of options amounting to 5% or more of the options granted
during the year

 

Name No. of options | No. of options No. of options No. of options
granted during | lapsed/ cancelled | exercised during the| _ outstanding
the year/ period| during the year/ year/ period

period

 

Fiscal Year ending March 2018 - - : al

 

Fiscal Year ending March 2019 = - - z

 

Fiscal Year ending March 2020 - - - Z|

 

Period from April 1, 2020 till
the date of this Prospectus

 

 

 

 

 

 

Identified employees who are granted options, during any one year equal to or exceeding 1% of the issued capital
(excluding outstanding warrants and conversions) of our Bank at the time of grant

 

Name Grant Period | No.of Options | No.of Options | No.of Options | No. of options
Granted _| lapsed/cancelled| __ Exercised outstanding

 

NIL - - - -

 

 

 

 

 

 

 

 

Our Bank, pursuant to the resolutions by our Board on October 25, 2016 and Shareholders on December 22,
2016, adopted the ESOP 2016, which was amended by our Bank pursuant to resolutions passed by our Board on
July 9, 2018 and Shareholders on August 30, 2018. The aggregate number of Equity Shares, issued under the
ESOP 2016 shall not exceed 2,856,752 Equity Shares of face value = 10 each.

Our Nomination and Remuneration Committee, pursuant to its resolution dated September 23, 2020, has noted
that there shall be no further grants under the ESOP 2016. The ESOP 2016 shall continue until the completion
of the vesting and exercise schedule in accordance with the scheme.

The details of the ESOP 2016, as certified by C N K & Associates LLP through a certificate dated March 3,
2021 are as follows:

 

 

 

 

Particulars Total
Options granted 3,497,950
Options vested (excluding options that have been exercised or cancelled) 326,648
Options exercised 1,260,542

 

108/-, 125/- , 127/-, 140/-,
173/- as applicable
108/-, 125/- ,127/-, 140/-,
173/-_as applicable

Exercise price of options granted (2)

 

Exercise price of options exercised (2)

 

 

 

 

 

Total number of Equity Shares that would arise as a result of full exercise of options granted 853,605
(net of cancelled options)

Options forfeited/lapsed/cancelled 1,383,803
Variation in terms of options NIL
Money realized by exercise of options ( in million) 156.13
Total number of options in force 853,605

 

 

 

 

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