ICICI Bank 2004 Annual Report Download - page 30

Directors’ Report
Distribution of shareholding of ICICI Bank at June 30, 2004
Outstanding GDRs/ADRs/Warrants or any Convertible Debentures, conversion date and likely impact on equity
ICICI Bank has about 80 million ADRs (equivalent to about 160 million equity shares) outstanding, which
constituted 25.94% of ICICI Bank's total equity capital at March 31, 2004 and 21.79% at June 30, 2004.
Currently, there are no convertible debentures outstanding.
Plant Locations - Not applicable
Address for Correspondence
Jyotin Mehta
General Manager & Company Secretary
ICICI Bank Limited, ICICI Bank Towers
Bandra-Kurla Complex, Mumbai 400 051
Tel No. : + 91-22-2653 1414
Fax No. : + 91-22-2653 1122
E-mail : [e-mail]
The Bank has also complied with the non-mandatory requirements with respect to corporate
governance.
ICICI Bank has annexed to this report, a certificate obtained from the statutory auditors, S.R. Batliboi &
Co., Chartered Accountants, regarding compliance of conditions of corporate governance as stipulated
in Clause 49 of the listing agreement.
In fiscal 2000, ICICI Bank instituted an Employee Stock Option Scheme (ESOS) to enable the employees
and directors (including wholetime Directors) of ICICI Bank and its subsidiaries to participate in the
future growth and financial success of the Bank. As per the ESOS as amended by the Scheme of
Amalgamation of ICICI Limited, ICICI Personal Financial Services Limited and ICICI Capital Services
Limited with ICICI Bank, the maximum number of options granted to any employee/director in a year is
limited to 0.05% of ICICI Bank's issued equity shares at the time of the grant, and the aggregate of all
such options is limited to five percent of ICICI Bank's issued equity shares after the amalgamation. In
April 2004, the Board approved the recommendation of the Board Governance & Remuneration
Committee to modify the limit of the aggregate number of options that could be granted under the
ESOS to five percent of the issued equity shares of the Bank as on the date of grant. The approval of the
Members for this modification is being sought at the forthcoming AGM.
COMPLIANCE CERTIFICATE OF THE AUDITORS
EMPLOYEE STOCK OPTION SCHEME
30
%
Range No. of Folios %
Upto 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 50,000
50,001 & above
Total
No. of shares
544,162 99.07 48,144,986 6.56
4,184 0.76 8,340,506 1.14
390 0.07 2,780,651 0.38
306 0.06 6,456,026 0.88
251 0.05 668,175,688 91.04
549,293 100.00 733,897,857 100.00
dickenson intellinetics 5690 2791 ICICI Annual Report 2004