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Notes forming part of consolidated onancial statements (Contd.)
214
•
Annual Report 2016-17
(iii) Outstanding balances
As at
Name of the related party and nature of
relationship
March 31, 2017
March 31, 2016
Advances given
Associate
Klisma eServices Private /imited ##
0.81
0.81
Total
0.81
0.81
Trade receivables
Entity over which a key management personnel
has signiocant inpuence
Deazzle Services Private /imited
6.30
1.75
Total
6.30
1.75
Other payables
Entity over which a key management personnel
has signiocant inpuence
Persistent Foundation
0.82
-
Total
0.82
-
Loan given
Associate
Klisma eServices Private /imited ##
27.43
27.43
Total
27.43
27.43
Investments
Associates
Klisma eServices Private /imited ##
0.05
0.05
Total
0.05
0.05
# The remuneration to the key managerial personnel does not include the provisions made for gratuity, long service
awards and leave beneots, as they are determined on an actuarial basis for the Company as a whole.
* Mr. Rohit Kamat retired as Chief Financial Ofocer w.e.f. November 30, 2015, hence his remuneration for the year
ended March 31, 2016 has been disclosed till November 30, 2015.
** Mr. Sunil Sapre is appointed as Chief Financial Ofocer w.e.f. December 1, 2015, however his remuneration has been
disclosed from his date of joining i.e. June 29, 2015 for the year ended March 31, 2016.
*** Mr. Ranganath Puranik resigned on December 11, 2015 , hence his remuneration has been disclosed till December 11,
2015 for the year ended March 31, 2016.
## These balances are fully provided for.
37. 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 as stated in note 49.
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