Page 171 - Kolte Patil AR 2019-20

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 -
payable
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 -
services
Imagination Interior decorators LLP 15 -
Trade payable
Kolte-Patil I-Ven Townships (Pune) Limited 18 18

NOTE 44 - DETAILS OF CSR EXPENDITURE
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).
NOTE 45 - EMPLOYEE STOCK OPTION SCHEME
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.

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