Schedule-02 - Information Required in Explanatory Statement for approving issuance of Sweat Equity Resolution [See regulation 32(1)] - Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

SCHEDULE II [See regulation 32(1) ] The explanatory statement to the notice and the resolution proposed to be passed in the general meeting for approving the issuance of sweat equity shall, inter alia, contain the following information: (a) The total number of shares to be issued as sweat equity. (b) The current market price of the shares of the company. (c) The valuation of know-how or intellectual property rights or value addition to be received from the employee or director along with the valuation report / basis of valuation. (d) The names of the employees or directors or promoters to whom the sweat equity shares shall be issued and their relationship with the company. (e) The consideration to be paid for the sweat equity. (f) The price at which the sweat equity shares shall be issued. (g) Ceiling on managerial remuneration, if any, which will be affected by issuance of such sweat equity. (h) A statement to the effect that the company shall conform to the accounting policies as specified by the Board. (i) Diluted Earnings Per Share pursuant to the issue of securities to be calculated in accordance with Accounting Standards specified by the Central Government.