Notes on the consolidated financial statements
(
`
in crores)
Related Party Transactions
Key Management
Personnel
Subsidiaries
Others
Sale of Fixed Asset
Dua Engineering Works Pvt Ltd
0
0
0
(0)
(1.34)
(0)
Rent Paid
Dua Engineering Works Pvt Ltd
0
0
1.91
(0)
(0)
(1.53)
Service Charges Paid
Dua Engineering Works Pvt Ltd
0
0
1.64
(0)
(0)
(1.55)
Directors' Remuneration
Sh. Ashok Kajaria
3.36
0
0
(2.97)
(0)
(0)
Sh. Chetan Kajaria
6.38
0
0
(4.88)
(0)
(0)
Sh. Rishi Kajaria
6.38
0
0
(4.88)
(0)
(0)
Sh. B.K. Sinha
0.55
0
0
(0.49)
(0)
(0)
Sh. D.D. Rishi
0.78
0
0
(0.17)
(0)
(0)
Donation Paid
Malti Devi Kajaria Foundation
0
0
0.31
(0)
(0)
(0.31)
(Figures in brackets are for previous year)
B. The following transactions were carried out with related parties in the ordinary course of business:-
35.
EMPLOYEE SHARE-BASED PAYMENT
Description of share based payments arrangements
During the year, the Company granted stock options to certain employees of the Company and its subsidiaries. The Company has the
following share-based payment arrangements for employees.
Kajaria Ceramics Employee Stock Option Plan 2015 (ESOP 2015)
The ESOP 2015 (“the Plan”) was approved by the Board of Directors and the shareholders on 7th September 2015. The plan entitles
employees of the Company and its subsidiaries to purchase shares in the Company at the stipulated exercise price, subject to compliance
with vesting conditions. Stock options will be settled by issue of equity shares. As per the Plan, holders of vested options are entitled
to purchase one equity share for every option at an exercise price of
`
850, which is 7.42 % below the stock price i.e.
`
918.10 at the
date of grant, i.e., 20th October, 2015
152
Kajaria Ceramics Limited
