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42 ANNUAL REPORT 2002-2003

INFORMATION REGARDING THE EMPLOYEES STOCK OPTION SCHEME

(as on 31-03-2003)

a) Number of Stock Options granted : 15,163,493

b) Pricing formula : 50% of IPO Price viz. Rs. 22.50

c) Number of options vested : 2,954,983

d) Number of options exercised : 23,330

e) Number of shares arising as a result of exercise of options : 23,330

f) Number of option lapsed : 1,674,793

g) Variance of terms of options : The vesting date for 880,000 stock options granted

to Mr. Akhil Gupta, Joint Managing Director

under Scheme-II has been changedh) Money realised by exercise of options : 524,925 /-

i) Number of options in force : 13,465,370

j) i. Options granted to senior managerial personnel

Name Designation No. of Options ESOP Scheme

Mr. Akhil Gupta Joint Managing Director 519,822 Scheme I

880,000 Scheme II

Mr. Badri Agarwal President (Infotel Leaders Group) 299,791 Scheme I

Mr. Anil Nayar Director (Chairman’s Office) 487,300 Scheme I

ii. Employees who have been granted : Nil

5% or more of the stock optionsgranted during the year.

iii. Employees who have been granted : NilOptions during the any one-year equal

to or exceeding 1% of the issued

capital of the Company at the time of grant.

iv. Diluted Earnings Per Share (EPS) : 0.001pursuant to issue of shares on exercise

of options calculated in accordance with

International Accounting Standard (IAS) 33

ANNEXURE

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