payment of the exercise price, the option holder will be entitled to be allotted one Equity Share* per employee stock
option. The ESOP Plan 2009 provides that the maximum number of options granted to any grantee shall not exceed
2,000 of the issued share capital* (excluding outstanding warrants and conversions) at the date of the grant of options
under one or more of the ESOP schemes unless an approval of the Shareholders is taken by way of special resolution
in a general meeting. The objectives of ESOP Plan 2009 are to attract, reward, motivate and retain its employees for
high levels of individual performance and for unusual efforts to improve the financial performance of the Company,
which will ultimately contribute to the success of the Company. This purpose is sought to be achieved through the
grant of options to the eligible employees under ESOP Plan 2009 to purchase shares of the Company through MedPlus
Employees Benefit Trust. Presently, the trustee of the MedPlus Employees Benefit Trust is Srinivas Reddy.

*(Prior to considering (i) equity bonus issue in the ratio of 1.25 equity shares for every one equity share held done by the Company
on January 22, 2021, (ii) CCPS B bonus issue in the proportion of 40 bonus Series B2 CCPS for every one equity share held done
by the Company on February 6, 2021 and (iii) subdivision of Equity Shares of face value of Rs. 10 each to Rs. 2 each done by the
Company on July 9, 2021)

The ESOP Plan 2009 have been framed in compliance with the Securities and Exchange Board of India (Share Based
Employee Benefits and Sweat Equity) Regulations, 2021 (“SBEB Regulations 2021”).

As on the date of the Red Herring Prospectus, 12,335 employee stock options of face value ¥ 2 each have been granted
by our Company out of which 8,760 employee stock options of face value € 2 each have been exercised, 2,665 options
have lapsed and 910 options are outstanding under the ESOP Plan 2009. The details of the ESOP Plan 2009 are as
follows:

 

 

 

 

 

 

 

 

 

Particulars Details
Options granted Fiscal 2019 Fiscal 2020 Fiscal 2021 From April 1, 2021 till the
date of this certificate
35, oO 403 562
Cumulative options granted as on December 15, 2021: 12,335
No. of employees to whom Fiscal 2019 Fiscal 2020 Fiscal 2021 From April 1, 2021 till the
options were granted date of this certificate
1 oO 3 12

 

Cumulative options granted as on December 15, 2021: 12,335
Options vested (including |11,725
options that have been

 

 

 

 

exercised)
Options exercised 8,760
Options forfeited’ lapsed/ | 2,665
cancelled
Options outstanding |910

(including vested and
unvested options)

Exercise price of options Rs. 6,510 (Weighted Average)

Total no. of Equity/CCPS |4,461,620 Equity shares of Rs 2 each
Shares that would arise as a
result of full exercise of
options granted (net of
forfeited’ lapsed/ cancelled
options)

Variation in terms of options | Exercise price for the options granted in FY 2018, FY 2019 has been changed from Rs.43,562 to Rs.10 and
Rs.37,099 per share

Money realised by exercise | Rs. 59,51,780

of options
Total no. of options in force _| 910
Employee wise details of
options granted to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

@ Key management ‘Name of KMP Fiscal 2019 Fiscal 2020 Fiscal 2021 From April 1,
personnel 2021 till the date
of this certificate
Bhaskar Reddy - - 339 -
Cherukupalli
Lakshman Kandarpa : : : 400
Parag Jain : : E 5
Hemanth Kundavaram : : 100
@ ‘Any other ‘Name of employee Fiscal 2019 Fiscal 2020 Fiscal 2021 ‘From April 1,
employee — who 2021 till the
received a grant in date of this
any one year of certificate
options Rajgopal 35 - - 2
amounting to 5% ||Arpit Jain 2 q a0 3
or more of the |{ Venkat Teja 5 = 24 E

 

 

 

 

 

 

 

 

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