Good Health Can’t Wait.

Good Health Can’t Wait.
Dr. Reddy’s Laboratories Limited
EMPLOYEES STOCK OPTION SCHEMES
SL.
NO.
DESCRIPTION
DR. REDDY’S EMPLOYEES STOCK OPTION
SCHEME, 2002
3. Members of the Company further approved the
amendment in Dr. Reddy’s Employees Stock Option
Scheme, 2002, at the Annual General Meeting held on
22 July 2008, to exercise the right to recover from the
relevant employees, the fringe benefit tax, in respect
of options granted to or vested or exercised by the
eligible employees under provisions of the Income
Tax Act, 1961. Further, pursuant to changes in the work
levels in the organization structure of the Company,
the Members of the Company approved removing the
grades and designations prescribed in the scheme.
The Government of India has abolished fringe benefit
tax through the Finance Act 2009. Under this Act the
fringe benefit tax payable by the employer as a result
of share based payments would be replaced by an
income tax payable by the employees as a “perquisite”
(as defined in the Indian Income Tax Act, 1961) based
on the value of the underlying share as on the date of
exercise of the options. Consequent to this abolishment
and in furtherance of the resolution passed by the
Company on 22 July 2008, management resolved to
absorb the consequent perquisite tax for the options
granted on or prior to 18 May 2008.
DETAILS
DR. REDDY’S EMPLOYEES ADR STOCK OPTION
SCHEME, 2007
8 Total Money realized by exercise of
options
` 169,713,774 ` 1,733,790
9 Total number of options in force 585,454 98,350
10 Employee-wise details of options
granted during the year to:
(i) Senior managerial
Personnel
(ii)
Any other employee who receives
a grant in any one year of option
amounting to 5% or more of option
granted during that year
(iii) Identified employees who were
granted option, during any one
year, equal to or exceeding 1%
of the issued capital (excluding
outstanding warrants and
conversions) of the Company at
the time of grant:
NAME
EXERCISE
PRICE
NO. OF
OPTIONS
NAME
EXERCISE
PRICE
NO. OF
OPTIONS
Mr. Abhijit Mukherjee Par Value 5,000 Dr. Raghav Chari Par Value 3,500
Mr. Saumen Chakraborty Par Value 3,500
Mr. Umang Vohra Par Value 3,500
Dr. Cartikeya Reddy Par Value 3,500
Dr. R Ananthanaryanan* Par Value 2,800
Mr. M V Ramana Par Value 3,500
Mr. Samiran Das Par Value 3,000
Dr. Amit Biswas Par Value 2,800
Dr. K V S Ram Rao Par Value 2,500
Mr. Alok Sonig Par Value 3,200
Dr. Chandrasekhar Sripada Par Value 2,500
None
None
None
None
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