Para 19 - Disclosure and Accounting Policies - SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999

18. Disclosure and Accounting Policies: 19.1 The Directors Report or Annexure thereto shall contain, inter alia, the following disclosures: (a) the details of the number of shares issued in ESPS; (b) the price at which such shares are issued; (c) employee-wise details of the shares issued to; (i) senior managerial personnel; (ii) any other employee who is issued shares in any one year amounting to 5% or more shares issued during that year; (iii) identified employees who were issued shares during any one year equal to or exceeding 1% of the issued capital of the company at the time of issuance; (d) diluted Earning Per Share (EPS) pursuant to issuance of shares under ESPS; and (e) consideration received against the issuance of shares. 19.2 Every company that has passed a resolution for an ESPS under clause 17.1 of these guidelines shall comply with the accounting policies specified in Schedule II.