| SCHEDULE OF AWARDS GRANTED |
Details
of the Awards granted during the years ended March 31, 2023, 2024 and 2025:
SCHEDULE OF AWARDS GRANTED
| | |
| |
Number
of/% of
share option | | |
| |
| |
Fair
value per |
| Grant
dates | |
| |
award
to vest | | |
Vesting
periods | |
option
at grant date |
| | |
| |
| | |
From | |
To | |
USD |
| 25-Apr-2022 | |
* | |
| 0.10 | % | |
25-Apr-2022 | |
31-Mar-2023 | |
3.924
(recapitalized) |
| 25-May-2022 | |
| |
| 0.10 | % | |
25-May-2022 | |
5-Nov-2023 | |
3.924
(recapitalized) |
| 26-Sep-2022 | |
* | |
| 1.00 | % | |
26-Sep-2022 | |
25-Sep-2025 | |
4.254
(recapitalized) |
| 18-Oct-2022 | |
** | |
| 0.10 | % | |
18-Oct-2022 | |
1-Sep-2024 | |
4.287
(recapitalized) |
| 23-Nov-2022 | |
** | |
| 0.20 | % | |
23-Nov-2022 | |
1-Jul-2023 | |
4.354
(recapitalized) |
| 12-Jan-2023 | |
** | |
| 0.05 | % | |
12-Jan-2023 | |
1-Jul-2023 | |
4.446
(recapitalized) |
| 1-May-2023 | |
*** | |
| 1.00 | % | |
1-May-2023 | |
30-Apr-2026 | |
4.321
(recapitalized) |
| 8-Aug-2023 | |
*** | |
| 2.40 | % | |
8-Aug-2023 | |
8-Aug-2023 | |
3.460
(recapitalized) |
| 1-Sep-2023 | |
*** | |
| 0.20 | % | |
1-Sep-2023 | |
30-Apr-2026 | |
3.251
(recapitalized) |
| 31-Jul-2024 | |
| |
| 65,426 | | |
31-Jul-2024 | |
27-Aug-2026 | |
2.098 |
| 31-Jul-2024 | |
| |
| 303,400 | | |
31-Jul-2024 | |
31-Jul-2027 | |
2.098 |
| 21-Aug-2024 | |
**** | |
| 0.50 | % | |
21-Aug-2024 | |
30-Apr-2026 | |
2.098 |
| * | Fair
value of the DSL Awards as of 25 April 2022 and 26 September 2022 is approximated to that
as of 1 April 2022 and 30 September 2022, respectively. |
| | | |
| ** | Fair
values of the DSL Awards as of 18 October 2022, 23 November 2022 and 12 January 2023 are
determined using interpolation method between the fair values determined on 30 September
2022 and 31 March 2023. |
| | | |
| *** | Fair
values of the DSL Awards as of 1 May 2023, 8 August 2023 and 1 September 2023 are determined
using the interpolation method between the fair values determined on 31 March 2023 and 30 September
2023. |
| | | |
| **** | Fair
value of the Awards as of 21 August 2024 is with reference to the fair values determined
on 31 July 2024. |
|
| SCHEDULE OF NUMBER OF UNVESTED SHARES |
Number
of shares options. Re-capitalization takes into account the impact of the
share exchange between the Company and DSL at a ratio of 410:1 and the subsequent share subdivision on the Company at a ratio of 2:1:
SCHEDULE OF NUMBER OF UNVESTED SHARES
| | |
Number of
share options | |
| At 1 April 2022 | |
| 1,404 | |
| Additions | |
| 141 | |
| |
| 69 | |
| |
| (44 | ) |
| |
| 1,915 | |
| |
| 1,570,219 | |
| |
| 566,119 | |
| |
| (1,003,680 | ) |
| At 31 March 2023 | |
| 1,545 | |
| At 31 March 2023 recapitalized | |
| 1,266,900 | |
| - weighted average exercise price | |
$ | Nil | |
| - number of share options exercisable | |
| 0 | |
| | |
| | |
| At 1 April 2023, based on number of DSL’s shares-in-issue | |
| 1,545 | |
| Additions | |
| 389 | |
| Exercised (note a) | |
| (44 | ) |
| |
| 69 | |
| |
| (44 | ) |
| |
| 1,915 | |
| |
| 1,570,219 | |
| |
| 566,119 | |
| |
| (1,003,680 | ) |
| At 31 March 2024, based on number of DSL’s shares-in-issue | |
| 1,890 | |
| At 31 March 2024 recapitalized | |
| 1,549,800 | |
| - weighted average exercise price | |
$ | Nil | |
| - number of share options exercisable | |
| 1,380,060 | |
| | |
| | |
| At 1 April 2024, based on number of DSL’s shares-in-issue | |
| 1,890 | |
| Additions | |
| 69 | |
| Exercised (note b) | |
| (44 | ) |
| Pre-recapitalized balance | |
| 1,915 | |
| Post-recapitalized balance | |
| 1,570,219 | |
| Additions | |
| 566,119 | |
| Exercised (note c) | |
| (1,003,680 | ) |
| Expired | |
| (352,600 | ) |
| At 31 March 2025, based on number of Diginex Limited’s shares-in-issue | |
| 780,058 | |
| ‘- weighted average exercise price | |
$ | 0.00005 | |
| ‘- number of share options exercisable | |
| 17,345 | |
|
| SCHEDULE OF MOVEMENT OF SHARE OPTION RESERVE |
Movement
of share option reserve:
SCHEDULE OF MOVEMENT OF SHARE OPTION RESERVE
| | |
Share option reserve | |
| | |
USD | |
| At 1 April 2022 | |
| 499,808 | |
| Additions | |
| 584,462 | |
| At 31 March 2023 | |
| 1,084,270 | |
| Additions | |
| 1,352,787 | |
| Exercised | |
| (27,368 | ) |
| At 31 March 2024 | |
| 2,409,689 | |
| Additions | |
| 859,685 | |
| Exercised | |
| (1,796,029 | ) |
| Expired | |
| (397,000 | ) |
| At 31 March 2025 | |
| 1,076,345 | |
|
| SCHEDULE OF FAIR VALUE OF THE AWARDS AND DSL AWARDS GRANTED IS ESTIMATED AT THE GRANT DATE USING DISCOUNTED |
The
fair value of the Awards granted is estimated at the grant date using the discounted cash flow (“DCF”) and equity
allocation model (“EAM”). The following table lists the inputs to those models at respective grant date:
SCHEDULE OF FAIR VALUE OF THE AWARDS AND DSL AWARDS GRANTED IS ESTIMATED AT THE GRANT DATE USING DISCOUNTED
| Dates of fair value | |
Valuation approach | |
Discount rate | | |
Terminal growth rate | | |
Lack of marketability discount | | |
Lack of control discount | | |
Volatility | |
| 1-Apr-2022 | |
DCF & EAM | |
| 17 | % | |
| 3 | % | |
| 15 | % | |
| 20 | % | |
| 41.16 | % |
| 25-May-2022 | |
DCF & EAM | |
| 17 | % | |
| 3 | % | |
| 15 | % | |
| 20 | % | |
| 41.16 | % |
| 30-Sep-2022 | |
DCF & EAM | |
| 17 | % | |
| 3 | % | |
| 15 | % | |
| 20 | % | |
| 44.16 | % |
| 31-Mar-2023 | |
DCF & EAM | |
| 17 | % | |
| 3 | % | |
| 15 | % | |
| 20 | % | |
| 46.62 | % |
| 30-Sep-2023 | |
DCF & EAM | |
| 18 | % | |
| 3 | % | |
| 10 | % | |
| 20 | % | |
| 42.41 | % |
| 31-Jul-2024 | |
DCF & EAM | |
| 16 | % | |
| 3 | % | |
| 3 | % | |
| 20 | % | |
| 38.16 | % |
|