eClerx Services — Corporate Update (March 2022)

4 slides from eClerx Services's corporate update, March 2022

Slide 1: ESOP Scheme 2022
ESOP Scheme 2022
Slide 2: ESOP 2022 Scheme Proposal
ESOP 2022 Scheme Proposal ESOP 2022 scheme • Proposing new ESOP 2022 to replace the currently active ESOP 2015 scheme - Vital instrument to attract and retain talent in the current environment • Will allow grant of 18 lac options (~5% of equity) - Expect to cover grants over the next 4-6 years - ESO
Slide 3: ESOP 2015 Review
ESOP 2015 Review Background • Plan to grant 16 lac shares (~5.25% of equity) approved by shareholders in July 2015 - Annual grants have averaged around 1% of equity - ~21 lac options granted in 6 annual grants, ~50% linked to revenue growth of company - Remaining headroom of ~330k options will get e
Slide 4: ESOP 2015 Review: Outcome and Accounting
ESOP 2015 Review Outcome • Anticipated capital loss of ~ INR 43 cr on current share inventory, as exercise prices lower than average acquisition cost • Further loss of ~ INR 44 cr anticipated on future share purchases required to fulfil ALL options granted till date - Under most conservative scenari