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Annual Report 2016-17
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Travel or stay arrangements have been provided mainly to directors residing outside Pune city, for travel and / or stay
e[penses for attending Board and Committee Meetings.
Under the ESOA - X of the Company, a few Independent Directors were granted a few stock options prior to April 1, 2014
and the same are e[ercisable by some of them according to the terms of the scheme.
Table 9 gives the following details:
•
Details of stock options granted to Independent Directors and stock options granted and vested but not e[ercised
as on March 31, 2017.
•
Details of Shares held by Independent Directors as on March 31, 2017.
Table 9A: Stock Options granted under ESOP X scheme to Independent Directors, which are vested but not
exercised as on March 31, 2017.
Name of the Director
Year ended March 31,
Number of stock
options granted
Stock options vested
but not exercised
Ms. Roshini Bakshi*
2017
NI/
NI/
2016
NI/
NI/
Mr. Pradeep Bhargava
2017
NI/
NI/
2016
NI/
NI/
Mr. Sanjay Bhattacharyya
2017
NI/
NI/
2016
NI/
NI/
Dr. Anant Jhingran
#
2017
NI/
14,000
2016
NI/
10,500
Mr. Thomas (Tom) Kendra*
2017
NI/
NI/
2016
NI/
NI/
Mr. Prakash Telang
2017
NI/
NI/
2016
NI/
NI/
Mr. Kiran Umrootkar
2017
NI/
8,000
2016
NI/
5,400
Total
2017
NIL
22,000
2016
NI/
15,900
*
Ms. Roshini Bakshi and Mr. Thomas (Tom) Kendra are not eligible for ESOPs as their appointment was post April 1, 2014.
#
Dr. Anant Jhingran resigned from the directorship w.e.f November 3, 2016. The 14,000 vested options lapsed as he did not e[ercise
them till the date of his resignation.
Table 9B: Shares held by Independent Directors as on March 31, 2017:
Name of the Director
Shares held
(through
exercise of
vested stock
options)
Shares held
(through
allotment
under a pre IPO
scheme)
Shares held
(through market
purchase / IPO)
Total Shares
held
Ms. Roshini Bakshi
NI/
NI/
NI/
NI/
Mr. Pradeep Bhargava
13,600
NI/
NI/
13,600*
Mr. Sanjay Bhattacharyya
10,500
NI/
NI/
10,500
#
Dr. Anant Jhingran
NI/
NI/
NI/
NI/
Mr. Thomas Kendra
NI/
NI/
NI/
NI/
Mr. Prakash Telang
14,000
NI/
4,000
18,000*
Mr. Kiran Umrootkar
6,000
NI/
NI/
6,000*
*
Shares held jointly with spouse
#
Out of 10,500 equity shares, 7,000 shares are jointly held with spouse
As on March 31, 2017, there is no pecuniary and non-pecuniary relationship between the Independent Directors
vis-a-vis the Company e[cept as stated above.