Arohan Financial Services Limited | Annual Report 2021-22

114 | Annual Report | 2021-2022 ANNEXURE - IV Remuneration details of Directors, KMPs, Employees Sl. No Particulars Disclosures 1. The ratio of the remuneration of each Whole- Time director to the median remuneration of the employees of the Company for the financial year. 65.60 : 1 2. The percentage increase in remuneration of each Director, Chief Financial Officer, Chief Executive Officer, Company Secretary or Manager, if any, in the financial year. KMP (#) % increase in remuneration MD 19.33% CFO 11.01% CS 11.51% (#) KMP remuneration does not include variable pay component. 3. Thepercentage increase inthemedianremuneration of employees in the financial year. 17.86% 4. The number of permanent employees on the rolls of the Company. 7,160 employees as on March 31, 2022. 5. The explanation on the relationship between average increase in remuneration and company performance. The Company had a growth of 134.51% in its Total Comprehensive Income and increased the remuneration of its employees by an average of 17.47% based on the recommendation of the NRC Committee. 6. Comparison of the remuneration of the Key Managerial Personnel against the performance of the company. The Company’s Total Comprehensive income has grown by 134.51% however revenue has degrown by 9.20% in FY 2021-22 in comparison to FY 2020-21. The average increase in remuneration of KMP in the FY 2021-22 was 13.94%. 7. Variations in the market capitalization of the Company, price earnings ratio as at the closing date of the current financial year and previous financial year and percentage increase over decrease in the market quotations of the shares of the Company in comparison to the rate at which the company came out with the last public offer in case of listed companies, and in case of unlisted companies, the variations in the net worth of the Company as at the close of the current financial year and previous financial year. As on March 31, 2022, the Company’s equity shares were not listed. The Company’s net worth has increased from INR 958.64 Crores as on March 31, 2021 to INR 1,023.48 Cr as on March 31, 2022 – increased by 6.76%. 8. Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration. The average increase in the salaries of employees was 17.47% and the average increase in the managerial remuneration was 13.94%.