Shriram City Union Finance Limited - Karvy

Method of Settlement (Cash/Equity)EquityGraded vesting period:After 1 year of grant dateAfter 2 years of grant dateAfter 3 years of grant dateAfter 4 years of grant dateExercisable periodVesting Conditions10% of options granted20% of options granted30% of options granted40% of options granted10 years from vesting dateon achievement of pre –determined targetsThe details of Stock Option Plan are summarized below:As at March 31 2011 As at March 31 2010Number ofSharesWeightedAverageExercisePrice(Rs.)Number ofSharesWeighted AverageExercise Price(Rs.)Outstanding at the beginning of the year 1272800 35.00 1320700 35.00Add: Granted during the year 27500 - -Less: Forfeited during the year - - -Less: Exercised during the year 382177 35.00 47900 35.00Less: Expired during the year - - -Outstanding at the end of the year 918123 35.00 1272800 35.00Exercisable at the end of the year - - -Weighted average remaining contractual life(in years)Weighted average fair value of optionsgranted- 9.55 - 10.55- 227.42 - 227.42The details of exercise price for stock options outstanding at the end of the year are:As atRange ofexerciseprices(Rs.)No. of optionsoutstandingWeighted averageremainingcontractual life ofoptions (in years)Weighted averageExercise Price(Rs.)March 31 2011 35 9,18,123 9.55 35March 31 2010 35 12,72,800 10.55 35F-60