2007-08 - Aditya Birla Nuvo, Ltd

ANNEXURE ‘A’ TO THE DIRECTORS’ REPORTDisclosure pursuant to the provisions of the Securities and Exchange Board of India (Employee Stock OptionScheme) Guidelines, 1999.Nature of DisclosureParticularsa) Options granted 329,373b) The pricing formula Tranche I:The exercise price was determined by averaging the dailyclosing price of the Company’s equity shares during the7 days immediately preceding the date of grant anddiscounting it by 10%. Exercise price — Rs. 1,180 peroption).Tranche II:The exercise price was the closing market price, prior tothe date of grant. Exercise price — Rs. 1,802 per option.c) Options vested NILd) Options exercised NILe) The total number of shares arising asa result of exercise of optionsNILf ) Options lapsed 3,360g) Variation of terms of options NILh) Money realised by exercise of options NILi) Total number of options in force 3,26,013j) Employee-wise details of options granted:i) Senior Managerial Personnel: 1. Mr. Vikram Rao : 63,2002. Mr. Rakesh Jain : 13,4703. Mr. K. K. Maheshwari : 63,2004. Mr. Adesh Gupta : 8,4205. Dr. Bharat K. Singh : 20,200ii) Any other employee who received agrant in any one year of optionamounting to 5% or more of optionsgranted during that yearNILiii) Identified employees who weregranted option, during any one year,equal to or exceeding 1% of theissued capital (excluding outstandingwarrants and conversions) of theCompany at the time of grant NILk) Diluted Earnings Per Share NAl) Difference between the employee Rs. 3.28 Crs.compensation cost, computed using theintrinsic value of the stock options, andthe employee compensation cost thatshall have been recognised, if the fair valueof the options was used.(67)