annual-report-FY2020

184 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS D. The Stock Option granted to Directors, the period over which accrued and over which exercisable are as under: Name of Directors (alongwith their Designation) to whom Stock Options have been granted 2000 Scheme 2010 Scheme Options granted in December, 2001* Options granted in June, 2005** Options granted in October, 2005 Options granted in September, 2006 Options granted in July, 2007 Options granted in August, 2008 Options granted in September, 2012 Options granted in January, 2011 Options granted in August, 2015 Options granted in November, 2018 Options granted in November, 2019 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) Mr. Anand G. Mahindra Executive Chairman Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Dr. Pawan Goenka Managing Director & Chief Executive Officer 25,290 *7,500*** *15,000*** *11,345*** *12,543*** *37,336*** Nil *71,080 1,12,743**** 36,504 36,504 Mr. Nadir B. Godrej Independent Director 20,000 *5,000 Nil Nil Nil Nil Nil Nil N.A. N.A. N.A. Mr. M. M. Murugappan Independent Director 20,000 *5,000 Nil Nil Nil Nil Nil Nil N.A. N.A. N.A. Mr. R. K. Kulkarni $ Independent Director 20,000 *5,000 Nil Nil Nil Nil Nil Nil N.A. N.A. N.A. Mr. Anupam Puri $ Independent Director 20,000 @ 5,000*** Nil Nil Nil Nil Nil Nil N.A. N.A. N.A. Dr. Vishakha N. Desai Independent Director N.A. N.A. N.A. N.A. N.A. N.A. @ 20,000***** N.A. N.A. N.A. N.A. Mr. Vikram Singh Mehta Independent Director N.A. N.A. N.A. N.A. N.A. N.A. *10,000 N.A. N.A. N.A. N.A. Mr. T. N. Manoharan Independent Director N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. Mr. Vijay Kumar Sharma Non-Independent Director N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. Nil Nil Mr. Haigreve Khaitan $$ Independent Director N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. Ms. Shikha Sharma $$ Independent Director N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. $ Ceased as a Director w.e.f. 8 th August, 2019. $$ Appointed as a Director w.e.f. 8 th August, 2019. @ unexercised options lapsed. Options granted at a discount in Vesting period Exercise period Exercise price (1) December, 2001 Already vested in December, 2002 Within five years from the date of vesting **Rs. 59 per share*** (2) June, 2005 Already vested in June, 2006 Within five years from the date of vesting **Rs. 454 per share*** (3) October, 2005 Already vested in October, 2006 Within five years from the date of vesting Rs. 361 per share*** (4) September, 2006 Four equal instalments in September, 2007, 2008, 2009 and 2010 respectively On the date of Vesting or within five years from the date of Vesting Rs. 616 per share*** (5) July, 2007 Four equal instalments in July, 2008, 2009, 2010 and 2011 respectively On the date of Vesting or within five years from the date of Vesting Rs. 762 per share*** (6) August, 2008 Four equal instalments in August, 2009, 2010, 2011 and 2012 respectively On the date of Vesting or within five years from the date of Vesting Rs. 500 per share*** (7) September, 2012 Four equal instalments in September, 2013, 2014, 2015 and 2016 respectively On the date of Vesting or within five years from the date of Vesting Rs. 662 per share (8) January, 2011 Five equal instalments in January, 2012, 2013, 2014, 2015 and 2016 respectively On the date of Vesting or within five years from the date of Vesting Rs. 5 per share (9) August, 2015 Four instalments in February, 2017, 2018, 2019 and 2020 respectively On the date of Vesting or within five years from the date of Vesting Rs. 5 per share (10) November, 2018 Three instalments in November 2019, 2020 and 2021 On the date of Vesting or within five years from the date of Vesting Rs. 5 per share (11) November, 2019 Three instalments in November 2020, 2021 and 2022 On the date of Vesting or within five years from the date of Vesting Rs. 5 per share * All these Options have been exercised. ** The Options granted stand augmented by an equal number of Options and the Exercise Price stands reduced to half on account of the 1:1 Bonus Issue made in September, 2005. *** Further, the number of Stock Options granted and outstanding as on 30 th March, 2010, stand augmented by an equal number of Options and Exercise Price stands reduced to half on account of Sub-division of each Ordinary (Equity) Share of the Company having a Face Value of Rs. 10 each fully paid-up into 2 (Two) Ordinary (Equity) Shares of the Face Value of Rs. 5 each fully paid-up. **** The Options granted and outstanding stand augmented by an equal number of Bonus Options on account of the 1:1 Bonus Issue made in December, 2017. ***** The Options granted and outstanding stand augmented by an equal number of Options and the Exercise Price stands reduced to half on account of the 1:1 Bonus Issue made in December, 2017.