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Notes forming part of onancial statements (Contd.)
Annual Report 2016-17
•
285
ESOP
Scheme
Particulars
Year Ended
Outstanding at
the beginning of
the Year
Granted
during the
Year
Forfeited
during the
Year
Exercised
during the
Year
Outstanding
at the end of
the Year
Exercisable at
the end of the
Year
Scheme XI
Number of Option March 31, 2017
402,600
-
-
-
402,600
-
Weighted Average
Price
March 31, 2017
10.00
-
-
-
10.00
-
Number of Option March 31, 2016
476,000
16,000
89,400
-
402,600
-
Weighted Average
Price
March 31, 2016
10.00
10.00
1000
-
10.00
-
Scheme XII
Number of Option March 31, 2017
-
67,300
-
-
67,300
-
Weighted Average
Price
March 31, 2017
-
10.00
-
-
10.00
-
Number of Option March 31, 2016
-
-
-
-
-
-
Weighted Average
Price
March 31, 2016
-
-
-
-
-
-
Total
Number of Option March 31, 2017
3,642,422
67,300
157,600
679,508
2,872,614
2,402,714
Number of Option March 31, 2016
4,587,518
16,000
89,400
871,696
3,642,422
2,843,106
The weighted average share price for the period over which stock options were exercised was
`
648.60 (previous year
`
676.75).
c) Details of exercise price for stock options outstanding at the end of the year
Scheme
Range of
exercise price
As at March 31, 2017
As at March 31, 2016
No. of Options
outstanding
Weighted average
remaining
contractual life
(in years)
No. of Options
outstanding
Weighted average
remaining
contractual life
(in years)
Scheme I
2.04 – 9.57
6,583
Note (i)
8,510
Note (i)
Scheme II
12.96 – 48.21
4,603
4.46
7,603
5.46
Scheme III
12.96 – 48.21
238,827
Note (i)
268,394
Note (i)
Scheme IV
22.23 – 61.12
827,944
5.84
970,329
6.76
Scheme V
22.23 – 44.14
116,446
Note (i)
132,534
Note (i)
Scheme VI
22.23 – 30.67
-
-
-
-
Scheme VII
24.17 – 61.12
55,887
5.57
101,469
7.54
Scheme VIII
48.21 – 48.21
-
-
-
-
Scheme IX
54.74 – 54.74
163,777
6.03
174,963
7.04
Scheme X
157.58 – 279.70
988,647
1.51
1,576,020
2.61
Scheme XI
10.00
402,600
1.25
402,600
2.25
Scheme XII
10.00
67,300
0.25
-
-
Note (i) No contractual life is deoned in the scheme
d) Effect of the employee share-based payment plans on the statement of proot and loss and on its onancial
position
Compensation expense arising from equity-settled employee share based payment plans for the year ended
March 31, 2017 amounted to
`
46.79 million (Previous year
`
33.89 million). The liability for employee stock options
outstanding as at March 31, 2017 is
`
187.12 million (Previous year
`
147.09 million).