Page 230 - Kolte Patil AR 2019-20

Notes forming part of the Consolidated Financial Statements

II. Balances at year end:
(H in Lakhs)
Accounts Balances Particulars As at As at
March 31, 2020 March 31, 2019
Rajesh Patil - -
Naresh Patil 150 150
Advances given for land purchase
Milind Kolte 278 278
Nirmal Kolte 105 105
Advances received for land purchase Naresh Patil 28 28
Payable for Land Purchase Rajesh Patil 61 111
Unsecured Loan Sudhir Kolte 224 224
Rent Receivable Anisha Education Society 215 133
Gopal Sarda 155 155
Advance received from customer Milind Kolte 55 55
Kolte-Patil Family Ventures LLP 645 -
Trade payable Imagination Interior decorators LLP 16 -
Trade payable Kori Design House LLP 1 -
Advance Paid for Construction related Kolte-Patil Infratech Private Limited 508 -
services
Advance given for rent paid on properties Kolte-Patil Family Ventures LLP 132 43
Advance Paid for Purchase of Gift Material NYP Healthcare Ventures LLP 1 -
Advance Paid for Purchase of Raw material Skroman Technologies Private Limited 149 -

45. DETAILS OF CSR EXPENDITURE

a) Gross amount required to be spent by the Group during the year is ` 352 Lakhs (Previous Year:-` 322 Lakhs).
b) Amount spend during the year ` 404 Lakhs (Previous Year:- ` 218 Lakhs)

46. 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 scheme 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.

228 | Kolte-Patil Developers Limited