Registered Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai 400 021

Website: www.ril.com; e-mail: investor_relations@ril.com

Tel.: +91 22 2278 5000; Fax: +91 22 2278 5111
CIN: L17110MH1973PLC019786

Disclosures with respect to Employees’ Stock Option Scheme, 2006 of the

Company pursuant to Regulation 14 of the Securities and Exchange Board of
India (Share Based Employee Benefits) Regulations, 2014 as on March 31, 2019:

(A) Relevant disclosures in terms of the ‘Guidance note on accounting for

employee share-based payments’ issued by Institute of Chartered
Accountants of India or any other relevant accounting standards as
prescribed from time to time

Members may refer to the audited financial statement prepared as per Indian
Accounting Standard (Ind-AS) for the year 2018-19.

(B) Diluted Earnings Per Share (EPS) pursuant to issue of shares on exercise
of options calculated in accordance with Ind-AS 33

Diluted EPS for the year ended March 31, 2019 is ₹ 55.47 calculated in
accordance with Ind-AS 33 (Earnings per Share)

(C) Details related to Employees’ Stock Option Scheme, 2006 (“ESOS - 2006”)

i) The description including terms and conditions of ESOS - 2006 is summarized as

under:

(a) Date of shareholder’s June 27, 2006

approval
(b) Total number of 27,87,01,608 options adjusted on account of
options approved issue of bonus shares approved by the
under ESOS: shareholders in 2009 and 2017
(c) Vesting requirement There shall be a minimum period of 1 (one) year
between the grant of options and vesting of
options.

The options would vest over a maximum period

of 7 (seven) years or such other period as may
be decided by the Human Resources,
Nomination and Remuneration Committee
(“HRNR Committee”) from the date of grant
based on specified criteria.
(d) Exercise Price or 11,49,12,000 options granted at an exercise
pricing formula price of ₹ 321 per option (adjusted for bonus

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 issue in 2009 and 2017); 1,08,000 options
granted at an exercise price of ₹ 421 per option
(adjusted for bonus issue in 2009 and 2017);
40,32,000 options granted at an exercise price of
₹ 573 per option (adjusted for bonus issue in
2009 and 2017); 2,00,400 options granted at an
exercise price of ₹ 322.25 per option (adjusted
for bonus issue in 2009 and 2017); 32,000
options granted at an exercise price of ₹ 497.5
per option (adjusted for bonus issue in 2017);
38,400 options granted at an exercise price of ₹
464.5 per option (adjusted for bonus issue in
2017); 8,200 options granted at an exercise price
of ₹ 486 per option (adjusted for bonus issue in
2017); 36,000 options granted at an exercise
price of ₹ 435.5 per option (adjusted for bonus
issue in 2017); 47,434 options granted at an
exercise price of ₹ 423.5 per option (adjusted for
bonus issue in 2017); 30,000 options granted at
an exercise price of ₹ 382.5 per option (adjusted
for bonus issue in 2017); 16,000 options granted
at an exercise price of ₹ 357.5 per option
(adjusted for bonus issue in 2017); 121,732
options granted at an exercise price of ₹ 430 per
option (adjusted for bonus issue in 2017); 22,000
options granted at an exercise price of ₹ 440 per
option (adjusted for bonus issue in 2017); 42,734
options granted at an exercise price of ₹ 468 per
option (adjusted for bonus issue in 2017); 26,104
options granted at an exercise price of ₹ 480.32
per option (adjusted for bonus issue in 2017);
22,000 options granted at an exercise price of ₹
421.58 per option (adjusted for bonus issue in
2017); 29,934 options granted at an exercise
price of ₹ 443.68 per option (adjusted for bonus
issue in 2017); 1,24,000 options granted at an
exercise price of Rs.548 per option (adjusted for
bonus issue in 2017); 24,908 options granted at
an exercise price of Rs.548 per option (adjusted
for bonus issue in 2017);The above exercise
prices exclude all applicable taxes, levied in this
regard
(e) Maximum term of The options would vest over a maximum period
option granted of 7 (seven) years or such other period as may
be decided by the HRNR Committee from the
date of grant based on specified criteria.
Exercise period would commence from the date
of vesting and will expire not later than 5 (five)

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 years from the date of vesting of options or such
other period as may be decided by the HRNR
Committee.
(f) Source of shares Primary
(Primary, secondary
or combination)
(g) Variation in terms of None
options

(ii) Option movement during the year:

(a) Number of options outstanding at the beginning of 66,43,146

year
(b) Number of options granted during the year Nil
(c) Number of options forfeited / lapsed during the year 16,89,161
and other adjustments (Including adjustment
relating to earlier years 7,83,708)
(d) Number of options vested during the year 57,438
(e) Number of options exercised during the year 40,42,801
(f) Number of shares arising as a result of exercise of 40,42,801
options
(g) Money realized by exercise of options (₹) 132,14,16,169
(h) Loan repaid by the Trust during the year from Nil
exercise price received
(i) Number of options outstanding at the end of the 9,11,184
year
(j) Number of options exercisable at the end of the 8,16,850
year

(iii) Employee wise details of options granted during the year:

(a) Key managerial personnel and senior managerial personnel – Nil

(b) Any other employee who receives a grant in any one year of options
amounting to 5% or more of options granted during that year – Nil

(c) Identified employees who were granted options, during any one year, equal
to or exceeding 1% of the issued capital (excluding outstanding warrants
and conversions) of the Company at the time of grant – Nil

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(iv) Method used to account for ESOS - 2006:

The options are granted at market price and the Company uses intrinsic value
method of accounting for options vested till March 31, 2015. Post
implementation of IndAS, that is, from April 1, 2015, the Company adopts fair
value method of accounting for options not vested till March 31, 2015.

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