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Shaping the future of software driven business
Unconsolidated Financials •
317
(In
`
Million)
Name of the related party and nature of relationship
As at
March 31, 2019
March 31, 2018
Loans given
Subsidiary
Persistent Systems, Inc.
-
130.34
Persistent Systems Germany GmbH
-
686.84
Associate
Klisma e-Services Private Limited @
27.43
27.43
Total
27.43
844.61
Interest accrued on loan
given
Subsidiary
Persistent Systems, Inc.
-
13.35
Total
-
13.35
Investments
Subsidiaries
Persistent Systems, Inc.
2,478.01
2,478.01
Persistent Systems Pte Ltd
15.50
15.50
Persistent Systems France SAS
97.47
97.47
Persistent Systems Malaysia Sdn. Bhd.
102.25
102.25
Persistent Systems Germany GmbH
713.19
2.02
Associates
Klisma e-Services Private Limited @
0.05
0.05
Total
3,406.47
2,695.30
Investment in Persistent
Systems Germany GmbH
(Shares pending allotment)
Subsidiaries
Persistent Systems Germany GmbH
78.72
-
Total
78.72
-
@ These balances are fully provided for.
(iv) Guarantee given on behalf of subsidiary
Persistent Systems Ltd has given a guarantee of $ 15.17 million (Previous year: $ 15.17 million) on behalf of Persistent
Systems Inc.
35. Employees stock option plans (ESOP)
Certain information in this note relating to number of shares, options and per share/option price has been disclosed in full
and is not rounded off.
a) Details of Employee stock option plans
The Company has framed various share-based payment schemes for its employees. The details of various equity-
settled employee stock option plan (‘ESOP’) schemes adopted by the Board of Directors are as follows:
ESOP scheme
No. of options
granted #
Date of adoption
by the Board/
Members
Initial Grant date
Exercise period
Scheme I
4,560,500
Dec 11, 1999
Dec 11, 1999
*
Scheme II
753,200
Apr 23, 2004
Apr 23, 2004
10 Years
Scheme III
2,533,300
Apr 23, 2004
Apr 23, 2004
*
Scheme IV
6,958,250
Apr 23, 2006
Apr 23, 2006
10 Years
Scheme V
1,890,525
Apr 23, 2006
Apr 23, 2006
*
Scheme VI
1,216,250
Oct 31, 2006
Oct 31, 2006
10 Years
Scheme VII
1,784,975
Apr 30, 2007
Apr 30, 2007
10 Years
Scheme VIII
42,000
Jul 24, 2007
Jul 24, 2007
3 Years
Scheme IX
1,374,462
Jun 29, 2009
Jun 29, 2009
10 Years
Scheme X
3,062,272
Jun 10, 2010
Oct 29, 2010
3 Years
Scheme XI **
492,000
Jul 26, 2014
Nov 03, 2014
1 Year
Scheme XII ***
67,300
Feb 04, 2016
Apr 08, 2016
2.5 Months
Notes forming part of financial statements (Contd.)