January 17, 2022 | |
The Manager, | The Listing Department |
Listing Department, | BSE Limited, |
National Stock Exchange of India Ltd., | Phiroze Jeejeebhoy Towers, |
'Exchange Plaza', C-1, | Dalal Street, |
Block G, | MUMBAI - 400 001 |
Bandra- Kurla Complex, | |
Bandra (East), | |
MUMBAI - 400 051 | |
Symbol: SAREGAMA EQ | Scrip Code: 532163 |
Subject: Transfer of equity shares against options granted to an eligible employee under the Saregama Employee Stock Option Scheme 2013
Reference: Submission of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir(s)/ Madam,
With reference to the above-mentioned subject, please note that the Nomination and Remuneration Committee of the Board of Directors at its meeting held today i.e. January 17, 2022 has decided to transfer 18,000 equity shares under the Saregama Employee Stock Option Scheme 2013 and the ESOP Grant Letter issued to an eligible employee.
Saregama Welfare Trust shall transfer the said equity shares to the said eligible employee of the Company. We herein enclose the details as necessitated under SEBI Circular CIR/CFD/CMD/4/2015 dated 9th September 2015 as "Annexure A" for Saregama Employee Stock Option Scheme 2013.
You are requested to kindly take the same on record.
Thanking you,
For SAREGAMA INDIA LIMITED
VIKRAM MEHRA
Digitally signed by
VIKRAM MEHRA Date: 2022.01.17 17:41:20 +05'30'
Vikram Mehra
Managing Director
DIN: 03556680
Encl: as above
SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India. Tel: +91-33-2551 2984, Fax: +91-33-2550 0817, Web: www.saregama.com, CIN: L22213WB1946PLC014346, Email ID: saregama@rpsg.in
ANNEXURE-A | |
Particulars | Details |
Brief details of options granted; | The Nomination and Remuneration Committee at its |
meeting held on June 30, 2020 cancelled 90,000 | |
Stock Appreciation rights issued to Mr. Vikram | |
Mehra, Managing Director on July 31, 2018 under | |
the Saregama Stock Appreciation Rights Scheme | |
2018. | |
In accordance with the shareholders' approval w.r.t. | |
modification of employee share benefit schemes, | |
the Nomination and Remuneration Committee has | |
granted 90,000 options to Mr. Vikram Mehra, | |
Managing Director under the Saregama Employee | |
Stock Option Scheme 2013 at an exercise price of Rs. | |
416.20, being in line with the requirements of the | |
Securities and Exchange Board of India (Share Based | |
Employee Benefits) Regulations, 2014. | |
Whether the scheme is in terms of SEBI (SBEB) | Yes |
Regulations; | |
Total number of shares covered by these options; | 90,000 |
Pricing formula | The fair value of Employee Stock Options as on the |
date of grant was determined using the Black | |
Scholes Model which takes into account the share | |
price at the measurement date, expected price | |
volatility of the underlying share, the expected | |
dividend yield and risk free interest rate and carrying | |
amount of liability included in employee benefit | |
obligations. | |
Time within which the options can be exercised | The exercise period is 10 years from the date of |
vesting | |
Options lapsed, if any. | Nil |
Money realized by exercise of options | INR 74,91,600 |
The total number of shares arising as a result of | 18,000 shares of Rs. 10 each |
exercise of option | |
Options exercised; | 18,000 |
Diluted earnings per share pursuant to issue of | Rs. 35.01 as against diluted EPS of Rs. 35.01 for the |
equity shares on exercise of options. | half year ended September 30, 2021 |
SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India.
Tel: +91-33-2551 2984, Fax: +91-33-2550 0817, Web: www.saregama.com,
CIN: L22213WB1946PLC014346, Email ID: saregama@rpsg.in