JM FINANCIAL PRODUCTS LIMITED - Bombay Stock Exchange

36 Employee Stock Option Scheme:
During the year, based on the request made by JM Financial Products Limited ('the Company'), JM Financial
Limited, in accordance with Securities and Exchange Board of India (Employee Stock Option Scheme and
Employee Stock Purchase Scheme) Guidelines, 1999, has granted the equity stock options, inter alia, to the
eligible employees and/or directors (the Employees) of the Company. The Stock Options have been granted on
April 21, 2011. The particulars of vesting of the stock options granted to the Employees are given in the below
table.
The option shall be eligible for vesting as per following schedule:
No. of
Exercise Price
Vesting Date
Stock Status Exercise Period
per Option
Options
(Rupees)
21st April, 2012 174,606
To be
vested
Seven years from the date of Grant 1
21st April, 2013 174,606 To be
vested
Seven years from the date of Grant
1
21st April, 2014 174,605 To be
vested
Seven years from the date of Grant 1
The current status of the stock options granted to the Employees is as under:
Particulars Current year Previous year
41
No. of
outstanding
Options
No. of
outstanding
Options
Outstanding at the beginning of the year - -
Granted during the year 523,817 -
Lapsed during the year - -
Exercised during the year - -
Outstanding at the end of the year 523,817 -
Exercisable at the end of the year - -
The charge on account of the above grant is included in employee benefit expense aggregating Rs.5,177,279/-
(Previous year Rs. Nil).Since the options are granted by JM Financial Limited, basic and diluted earnings per
share of the Company would remain unchanged.