why the options denied, page-2

The new options being offered are on the basis of one bonus option for every 5 full shares you have.

There are shareholders who have options already from a previous issue entitlement. Those options are not going to count for the the new 1 : 5 bonus options since they are just options and not full shares.

If you already have shares and options in your holdings then only the shares will count. If you want to get the present options to count then it is suggested that you will need to convert them into full shares before the Jan 31 deadline to get an entitlement of 1 new options for every 5 "old" options you convert into shares..