Arohan Financial Services Limited | Annual Report 2022-23

87 | Annual Report | 2022-2023 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. 75.83 : 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 21.31% CFO 13.26% CS 13.57% (#) KMP remuneration does not include variable pay component. 3. The percentage increase in the median remuneration of employees in the financial year 10.44% 4. The number of permanent employees on the rolls of the Company 8,030 employees as on March 31, 2023. 5. The explanation on the relationship between average increase in remuneration and company performance The Company had a growth of 14.78% in its Total Comprehensive Income and increased the remuneration of its employees by an average of 10.25% 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 14.78% and revenue has grown by 18.53% in FY 2022-23 in comparison to FY 2021-22. The average increase in remuneration of KMP in the FY 2022-23 was 16.05%. 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, 2023, the Company’s equity shares were not listed. The Company’s equity has increased from INR 1023.48 crores as on March 31, 2022 to INR 1338.03 crores as on March 31, 2023 – increased by 30.73%. 8. Average percentile increase already made in the salaries of employees other than the managerial personnel inthe lastfinancial year and itscomparison 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 10.25% and the average increase in the managerial remuneration was 21.31%. 9. Comparison of the each remuneration of the Key Managerial Personnel against the performance of the Company The Company’s total comprehensive income has grown by 14.78% and revenue has grown by 18.53% in FY 2022-23 in comparison to FY 2021-22. The average increase in remuneration of KMP in the FY 2022-23 was 16.05% 10. The key parameters for any variable component of remuneration availed by the Directors Yearly incentive as per employment terms based on the company’s performance and profits.