MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

162 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 Sr. No. 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) 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*** (4) 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*** (5) 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*** (6) 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***** (7) 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***** (8) November, 2013 Five equal instalments in November 2014, 2015, 2016, 2017 and 2018 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, 2015 Four instalments in May 2017, 2018, 2019 and 2020 respectively On the date of vesting or within five years from the date of vesting Rs. 5 per share***** (11) 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 (12) 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 (13) November, 2020 Three instalments in November 2021, 2022 and 2023 On the date of vesting or within the exercise period specified for each vesting. The maximum exercise period is 4 years from the date of vesting. Rs. 5 per share (14) June, 2021 Five instalments in June 2024, 2025, 2026, 2027 & 2028 On the date of vesting or within the exercise period specified for each vesting. The maximum exercise period is 6 years from the date of vesting. Rs. 5 per share (15) March, 2022 % Five instalments in March 2025, 2026, 2027, 2028 & 2029 On the date of vesting or within the exercise period specified for each vesting. The maximum exercise period is 6 years from the date of vesting. Rs. 5 per share (16) March, 2022 ! Three instalments in March 2023, 2024 & 2025 On the date of vesting or within the exercise period specified for each vesting. The maximum exercise period is 4 years from the date of vesting. Rs. 5 per share (17) November, 2022 Three instalments in November 2023, 2024 & 2025 On the date of vesting or within the exercise period specified for each vesting. The maximum exercise period is 4 years from the date of vesting. Rs. 5 per share * All these Options have been exercised. ** Th e 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. *** Th e 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. ***** Th e 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.