Page 171 - Kolte Patil AR 2019-20
P. 171

Notes forming part of the standalone financial statement

                                                                                                        (H in Lakhs)
                                                                                     Year ended       Year ended
             Account Balances       Particulars
                                                                                   March 31, 2020  March 31, 2019
             Payable towards        Snowflower Properties Private Limited                    63                -
             reimbursement          Tuscan Real Estate Private Limited                       39                -
             Advance given for rent paid   Kolte-Patil Family Ventures LLP                  132               43
             on properties
             Inter Corporate Deposit   Kolte-Patil I-Ven Townships (Pune) Limited          1,550               -
             Interest on Inter Corporate   Kolte-Patil I-Ven Townships (Pune) Limited        22                -
             Deposit payable
             Advance Paid for Purchase
             of Raw material        Skroman Switches Private Limited                        149                -
             Advance related to     NYP Healthcare Ventures LLP                               1                -
             employee welfare
             Advance Paid for
             Construction related   Kolte-Patil Infratech Private Limited                   214                -
                                     Imagination Interior decorators LLP                     15                -
             Trade payable
                                    Kolte-Patil I-Ven Townships (Pune) Limited               18               18

            a)  Gross amount required to be spent by the Company during the year is H256 Lakhs (Previous Year H196 Lakhs).
            b)  Amount spent during the year on Construction / acquisition of any asset is  HNil  (Previous Year:  HNil) and on purposes other than
               Construction / acquisition of any asset is H404 Lakhs (Previous year H218 Lakhs).
            Employee stock option scheme (ESOS 2014)
            The Company has instituted ‘Employee Stock Option Scheme 2014’ (ESOS 2014) for eligible employees of the Company. The vesting pattern
            of the schemes has been provided below. The options can be exercised over a period of 1 to 4 years from the date of grant. Each option
            carries with it the right to purchase one equity share of the Company at the exercise price determined by the nomination and remuneration
            committee at the time of grant.
            The vesting period of the above mentioned ESOS Schemes is as follows –

             Service period from date of grant           Vesting percentage of options
             12 months                                   25%
             24 months                                   25%
             36 months                                   25%
             48 months                                   25%

            The options under this scheme vest over a period of 1 to 4 years from the date of the grant. Upon vesting, employees have 4 to 6 years (as
            per plan) to exercise the options.
            The exercise period shall commence from the date of vesting of option and expire not later than 12 (Twelve) months from the vesting date
            of option. Options not exercised during any particular exercise period, can be carried forward to the subsequent exercise period(s), provided
            however that all the options, have to be exercised within a period of 2 years from the date of the vesting period in respect of the final lot, after
            which any unexercised Options will lapse.

                                                                                          Annual Report 2019-20 | 169
   166   167   168   169   170   171   172   173   174   175   176