MedPlus Health Services Limited (formerly known as MedPlus Health Services
Annexure- VIL

Notes to Restated Consolidated Financial Information

(All amounts are it Rs in millions except as others stated)

 

 

39, Employee stock option plan (continued)

Employees stock option and share plan 2009

 

 

     

 

 

 

 

 

 

 

 

 

 

   

 

 

 

 

 

 

 

Particulars ‘September 30,2021 September 30,2020 March 31, 2021 ‘March 31,2020 March 31,2019
‘Number of options 35 378 978 3770 3770
granted
Method of settlement Equity Equity Equity
(Cash/Equity)
Vesting period 500 options vest over 2,310 options vested 2.310 options vested 2,310 options vested 2,310 options vested
period of years immediately onthe immediately on the immediately on the immediately on the
‘Qoptions granted vest grant date grant date. grant date grant date.
lover period of years. 1,055 options equally on 1,055 options equally on 1,055 options equally 1,055 options equally
ASoptions vest 25% completion of every _completionof every oncompletion of on completion of
each year over the quarter, over the period quarter, over the period every quarter, over every quarter, over
period of {years from of next two years from of next two years from the period of next the period of next
the grant date the grant date, the grant date, two years from the two years from the
316 options have vested 5,744 options vest over 5,744 options vest over grant date grant date.
the period of one year the period of one year 5,405 options vest 5,405 options vest
from the grant date. from the grant date. _overthe period of over the period of
GAoptions vest 25% GLoptions vest 25% one yearfrom the one year from the
each year over the each year over the grant date. grant date.
period of 4 years from period of 4 years from
the grant date the grant date
Exercise period 6,years for 926 options 6 years for 8,770 options 6 years for9,173 options 6 years for 8770 6 years for 8,770
Committee may extend Committee may extend Committee may extend options ‘options
the Exercise period onthe Exercise period onthe Exercise period on Committee may Committee may
‘case to case basis, case to case basis, case to case basis, extend the Exercise extend the Exercise
period on case to period on case to
case basis, case basis,
Vesting conditions None None None None None
(b) The details of the activity have been summarized below
‘As at September 30, Av at September 30,
Particulars 2021 2020 As at March 31, 2021 As at March 31, 2020 As at March 31, 2019
(We: of options) (Wo. of options) (No. of options) (No. of options) ___(No. of options)
‘Outstanding atthe beginning of the period/ year 978 3770 3770 3770 B75
Exercisable at the beginning of the period year 870 870 8770 8735 3365
Granted during the period/year 562 403 403 : 35
Forfeited during the period year s i S z :
Exercised during the period year 8744 z 7
Vested during the period/year 316 35 5370
Expired during the period/ year 6 = : :
(Outstanding a the end of the period/ year" 926 9a73 9473 8770 8770
Exercisable at the end of the period/ year 316 870 870 870 8,735
‘Weighted average remaining contractual life (in years) : i : i ost
‘One option equals to 11.25 equity shares and 90 preference shares
{c) Stock options granted during the period/year
‘The Black Scholes valuation model has been used for computing the weighted average fair value considering the following inputs
‘September30,2021 September 30,2021 March 31, 203 March 31, 2021 March 31,2019
‘Weighted average share price] market value 24420 7634250 76250 628140
Exercise price (Rs. per share) 10.00 10.00 76,765.00 43,562.00
Options granted a 339 64.00 35
Date of grant 05 August 2021 1 April 2021 01 July 2020 01 July 2020 01 Feb 2019
Expected volatility 29.4% -301% 29.2% 311% 7% 271% - 284% 20%
Life of the options granted (vesting and exercise period) in years Nester) Nelnepey te Nester 2) Velnere 2 Seer
Expected dividends 0.00% 0.00% 0.00% 0.00% 0%
Average risk-free interest rate 617% 6.06% 5.00% 500% 7.74% perannum
[Expected term based on vesting period year -4 years year 4 years year Tyear-4 years ‘year
‘Weighted average fair value of the option granted 23733, 1163.20 768430 22,9118 -33,556.70 25,933.49
Note: There were no options granted for the year ended March 31, 2020
{@) Effectof the employee option plan on the Statement of Profit and Loss and on its financial position
Particulars September 30,2021 September 30,2020 March 31, 2031 March 31,2030 Mareh 31,2019
“Total employee compensation cost pertaining fo stock option plan 1258 386.39 399.50 076 2687
Reserves - employee stock option plan outstanding as atthe period/year end 19.56 $34 486.55 86.95 86.19

 

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