| 158 Annual Report | 2023-2024 Financials (v) The Company has recognized share based payment expense of `515.76 Lakhs (March 31, 2023: `282.76 lakhs) during the year as proportionate cost. Note 26: Employee stock option scheme (‘ESOP Scheme’) (Cont'd) (ii) Details of grant and exercise of such options are as follows: Particulars ESOP 2017 ESOP 2018 (grant 2018) ESOP 2018 (grant 2019) ESOP 2018 (grant 2020) ESOP 2021 (grant 2021) ESOP 2021 (grant 2022) ESOP 2021 (grant 2023) Number of options granted 2,29,280 5,97,264 7,69,528 8,42,858 9,82,867 9,97,942 13,91,143 Outstanding number of options as on March 31, 2024 98,000 3,88,824 5,08,705 5,60,349 7,24,391 8,17,675 13,52,293 (iv) Reconciliation of stock options: Particulars ESOP 2017 ESOP 2018 (grant 2018) ESOP 2018 (grant 2019) ESOP 2018 (grant 2020) ESOP 2021 (grant 2021) ESOP 2021 (grant 2022) ESOP 2021 (grant 2023) Outstanding as at March 31, 2022 1,45,280 4,47,384 5,95,748 6,97,909 9,27,123 - - Stock option issued during the year - - - - - 9,97,942 - Exercised and vested 17,280 - - - - - - Forfeited/ lapsed - 34,560 51,840 91,560 1,40,532 1,22,292 - Outstanding as at March 31, 2023 1,28,000 4,12,824 5,43,908 6,06,349 7,86,591 8,75,650 - Stock option issued during the year - - - - - - 13,91,143 Exercised and vested 30,000 - 3 - - - Forfeited/ lapsed - 24,000 35,200 46,000 62,200 57,975 38,850 Outstanding as at March 31, 2024 98,000 3,88,824 5,08,705 5,60,349 7,24,391 8,17,675 13,52,293 (iii) The weighted average exercise price and remaining contractual life of the ESOP Scheme are as follows: Employee stock option scheme (‘ESOP Scheme’) As at 31 March 2024 As at 31 March 2023 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) - - ESOP 2018 (grant 2019) Exercise price 162.80 162.80 Weighted average remaining contractual life (in years) - - ESOP 2018 (grant 2020) Exercise price 170.00 170.00 Weighted average remaining contractual life (in years) - 0.35 ESOP 2021 (grant 2021) Exercise price 210.00 210.00 Weighted average remaining contractual life (in years) 0.18 1.18 ESOP 2021 (grant 2022) Exercise price 153.94 153.94 Weighted average remaining contractual life (in years) 1.38 2.38 ESOP 2021 (grant 2023) Exercise price 124.00 - Weighted average remaining contractual life (in years) 2.41 - Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2024 (Contd.) (All amounts in ` lakhs unless otherwise stated)
RkJQdWJsaXNoZXIy NTE5NzY=