25 Reasons to celebrate - Flipbook_1

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Directors' Report Shoppers Stop Ltd. 29. Awards and Recognition During the year under review, your Company received many awards and felicitations conferred by reputable organisations. Some of them are: 1. “Economic Times – Excellence In Supply Chain & Logistics Award” established by Economic Times. 2. “QUALITY EXCELLENCE AWARD – Supply Chain Sustainability” for the Company's Supply Chain team at the World Quality Congress. 3. Most Admired Enterprise Solution Implementation and; Most Admired Retailer of the year - Department Store 2015 at Images Retail Forum, 2015. 4. “Best Supply chain company in Retail vertical” at ‘Express Logistics and Supply Chain’ Forum conducted by Kamikaze B2B Media. 5. “The Most Respected Company in Retail” by Business World Magazine for the fifth year in a row. 30. Material Changes There are no material changes and commitments affecting the financial position of the Company occurred between March 31, 2016 and the date of this report of Board of Directors to you. 31. Acknowledgement Your Directors wish to express their appreciation to all customers, business partners, suppliers, banks and financial institutions for their continued support and co-operation extended by them. Your Directors also place on record their sincere appreciation to all associates of the Company for their unstinted commitment towards the growth of the Company. The Directors acknowledges the confidence and faith reposed by Shareholders in the Company and look forward to their continued support in future as well. For and on behalf of the Board of Directors May 3, 2016 Chandru L. Raheja Chairman Certificate of Compliance with the code of conduct for the Financial Year 2015-16 I, Salil Nair, Chief Executive Officer of the Company, hereby declare that the Company has adopted a Code of Conduct for the Board of Directors and Senior Management of the Company and they have affirmed compliance with the said Code of Conduct. For Shoppers Stop Limited May 3, 2016 Salil Nair Customer Care Associate & Chief Executive Officer Annual Report 2015-16 | 40
Annexure to the Directors' Report Annexure I Shoppers Stop Ltd. Disclosure pursuant to Regulation 14 of SEBI (Share Based Employee Benefits) Regulations, 2014. A General Disclosure 1 Disclosures in terms of the Guidance note on accounting for employee share-based payments or any other relevant accounting standards; For details please refer to notes to Financial Statement mentioned in Annual Report 2015-16. B Summary Description 1 Date of Shareholders Approval 2 Total number of options approved under the Scheme* ESOP 2008 - 1* ESOP 2008 - 2* ESOP 2008 - 3 ESOP 2008 - 4 ESOP 2008 - 5 ESOP 2008 - 6 ESOP 2008 - 7 ESOP 2008 scheme were approved by members of the Company at its 11th Annual General Meeting held on July 29, 2008. 2,000,000 options were approved under ESOP 2008 scheme ESOP 2008 - 8 3 Date of Grant 29.04.2009 24.03.2010 29.04.2011 09.06.2012 28.08.2013 29.04.2014 05.11.2014 31.07.2015 4 Options Granted 1,032,800 400,000 189,382 200,000 200,000 160,675 4,325 3,275 5 Vesting Schedule 30% - 01.07.2010 30% - 01.07.2011 40% - 01.07.2012 6 Pricing Formula The options are granted to eligible employees at the closing price of the equity shares of the Company at BSE on the working day immediately preceding the date of grant. The options were granted at an exercise price of ` 55/- 7 Maximum Term of Options Granted Six years and two months from the date of Grant 30% - 24.03.2011 30% - 24.03.2012 40% - 24.03.2013 The options are granted to eligible employees at the closing price of the equity shares of the Company at BSE on the working day immediately preceding the date of grant. The options were granted at an exercise price of ` 191/- Six years from the date of Grant 30% - 29.04.2012 30% - 29.04.2013 40% - 29.04.2014 The options are granted to eligible employees at the closing price of the equity shares of the Company at BSE on the working day immediately preceding the date of grant. The options were granted at an exercise price of ` 336/- Four years from the date of Grant 30% - 09.06.2013 30% - 09.06.2014 40% - 09.06.2015 The options are granted to eligible employees at the closing price of the equity shares of the Company at BSE on the working day immediately preceding the date of grant. The options were granted at an exercise price of ` 297/- Four years from the date of Grant 30% - 28.08.2014 30% - 28.08.2015 40% - 28.08.2016 The options are granted to eligible employees at the closing price of the equity shares of the Company at BSE on the working day immediately preceding the date of grant. The options were granted at an exercise price of ` 344/- Four years from the date of Grant 30% - 29.04.2015 30% - 29.04.2016 40% - 29.04.2017 The options are granted to eligible employees at the closing price of the equity shares of the Company at BSE on the working day immediately preceding the date of grant. The options were granted at an exercise price of ` 362/- Four years from the date of Grant 30% - 05.11.2015 30% - 05.11.2016 40% - 05.11.2017 The options are granted to eligible employees at the closing price of the equity shares of the Company at BSE on the working day immediately preceding the date of grant. The options were granted at an exercise price of ` 524/- Four years from the date of Grant 30% - 31.07.2016 30% - 31.07.2017 40% - 31.07.2018 The options are granted to eligible employees at the closing price of the equity shares of the Company at BSE on the working day immediately preceding the date of grant. The options were granted at an exercise price of ` 404/- Four years from the date of Grant 8 Source of Shares Primary Primary Primary Primary Primary Primary Primary Primary 9 Variation in Terms – – – – – – – – of Options 10 Method used for Accounting of ESOP Intrinsic Value Method Annual Report 2015-16 | 41
Page 1 and 2: REASONS TO CELEB TE ANNUAL REPORT 2
Page 3 and 4: Our journey began in 1991 at a time
Page 5 and 6: 300+ crème de la crème internatio
Page 7 and 8: RENOWNED LOYALTY PROGAMS 04 e Shopp
Page 9 and 10: TOP-NOTCH PRIVATE B NDS 0 6 Shopper
Page 11 and 12: ICONIC MARKETING CAMPAIGNS Shoppers
Page 13 and 14: EXPANSIVE REACH A total of 236 bric
Page 15 and 16: COMMI MAKING A DIFFERENCE 1 2 ED TO
Page 17 and 18: 14 UNWAVERING GROWTH Shoppers Stop
Page 19 and 20: 16 FRONT-RUNNER IN DATA ANALYTICS S
Page 21 and 22: COVETED FILM-INSPIRED MERCHANDISE I
Page 23 and 24: CLOSE-KNIT PARTNERSHIPS 20 Enduring
Page 25 and 26: DRIVING PROGRESS THROUGH SUSTAINABI
Page 27 and 28: STRONG INFORMATION TECHNOLOGY INF S
Page 29 and 30: CONTENT Chairman’s Statement 026
Page 31 and 32: Shoppers Stop Ltd. Board of Directo
Page 33 and 34: Financial Highlights & Key Ratios S
Page 35 and 36: Directors' Report Shoppers Stop Ltd
Page 41: Directors' Report Shoppers Stop Ltd
Page 45 and 46: Annexure to the Directors' Report A
Page 51 and 52: Notes to Consolidated Financial Sta
Page 57 and 58: Notes Shoppers Stop Ltd. Annual Rep

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