Arohan Financial Services Limited | Annual Report 2021-22

Financials | 179 Annual Report | 2021-2022 Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March, 2022 (Contd.) (All amounts in ` lakhs unless otherwise stated) Note 25: Employee stock option scheme (‘ESOP Scheme’) (Contd.) (ii) Details of grant and exercise of such options are as follows: (iv) Reconciliation of stock options: (v) The Company has recognized share based payment expense of ` 454.69 Lakhs (March 31, 2021: ` 334.54 Lakhs) during the year as proportionate cost. (iii) The weighted average exercise price and remaining contractual life of the ESOP Scheme are as follows: Particulars ESOP 2017 ESOP 2018 (grant 2018) ESOP 2018 (grant 2019) ESOP 2018 (grant 2020) ESOP 2021 Number of options granted 2,29,280 5,97,264 7,69,528 8,42,858 9,82,867 Outstanding number of options 1,45,280 4,47,384 5,95,748 6,97,909 9,27,123 Particulars ESOP 2017 ESOP 2018 (grant 2018) ESOP 2018 (grant 2019) ESOP 2018 (grant 2020) ESOP 2021 Outstanding as at 31 March 2020 1,75,280 5,43,264 7,34,278 - - Stock option issued during the year - - - 8,42,858 - Exercised and vested - - - - - Forfeited/ lapsed - - - - - Outstanding as at 31 March 2021 1,75,280 5,43,264 7,34,278 8,42,858 - Stock option issued during the year - - - - 9,82,867 Exercised and vested 30,000 43,254 21,875 4,000 - Forfeited/ lapsed - 52,626 1,16,655 1,40,949 55,744 Outstanding as at 31 March 2022 1,45,280 4,47,384 5,95,748 6,97,909 9,27,123 Employee stock option scheme (‘ESOP Scheme’) As at 31 March 2022 As at 31 March 2021 ESOP 2017 Exercise price 84.70 84.70 Weighted average remaining contractual life (in years) - - ESOP 2018 (grant 2018) Exercise price 130.00 130.00 Weighted average remaining contractual life (in years) - 0.12 ESOP 2018 (grant 2019) Exercise price 162.80 162.80 Weighted average remaining contractual life (in years) 0.12 1.12 ESOP 2018 (grant 2020) Exercise price 170.00 170.00 Weighted average remaining contractual life (in years) 1.35 2.35 ESOP 2021 Exercise price 210.00 - Weighted average remaining contractual life (in years) 2.18 -