SHARE-BASED PAYMENTS (Tables)
|
6 Months Ended |
12 Months Ended |
Sep. 30, 2024 |
Mar. 31, 2024 |
| Notes and other explanatory information [abstract] |
|
|
| SCHEDULE OF AWARDS GRANTED |
Details
of the Awards and DSL Awards granted during each of the period ended 30 September 2024 and 2023:
SCHEDULE OF AWARDS GRANTED
| | |
| |
Number of/% of
share option award | | |
| |
| |
Recapitalized fair value per option at | |
| Grant date | |
| |
to vest* | | |
Vesting period | |
grant date | |
| | |
| |
| | |
From | |
To | |
USD | |
| 1-May-2023 | |
** | |
| 1.00 | % | |
1-May-2023 | |
30-Apr-2026 | |
| 4.321 | |
| 8-Aug-2023 | |
** | |
| 2.40 | % | |
8-Aug-2023 | |
8-Aug-2023 | |
| 3.460 | |
| 1-Sep-2023 | |
** | |
| 0.20 | % | |
1-Sep-2023 | |
30-Apr-2026 | |
| 3.251 | |
| 31-Jul-2024 | |
| |
| 32,713 | | |
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 | |
| * | options
issued in percentage terms convert into the percentage of outstanding share capital at the
time of exercising the option |
| ** | Fair
values of the DSL Awards as of 1 May 2023, 8 August 2023 and 1 September 2023 are determined
using 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. |
|
Details
of the Awards granted during the year:
SCHEDULE OF AWARDS GRANTED
| | |
| |
% of share
option award | | |
| |
| |
Fair value per
option at | |
| Grant date | |
| |
to vest | | |
Vesting period | |
grant date | |
| | |
| |
| | |
From | |
To | |
USD | |
| 25-Apr-2022 | |
* | |
| 0.10 | % | |
25-Apr-2022 | |
31-Mar-2023 | |
| 3,218 | |
| 25-May-2022 | |
| |
| 0.10 | % | |
25-May-2022 | |
5-Nov-2023 | |
| 3,218 | |
| 26-Sep-2022 | |
* | |
| 1.00 | % | |
26-Sep-2022 | |
25-Sep-2025 | |
| 3,488 | |
| 18-Oct-2022 | |
** | |
| 0.10 | % | |
18-Oct-2022 | |
1-Sep-2024 | |
| 3,515 | |
| 23-Nov-2022 | |
** | |
| 0.20 | % | |
23-Nov-2022 | |
1-Jul-2023 | |
| 3,570 | |
| 12-Jan-2023 | |
** | |
| 0.05 | % | |
12-Jan-2023 | |
1-Jul-2023 | |
| 3,646 | |
| 1-May-2023 | |
*** | |
| 1.00 | % | |
1-May-2023 | |
30-Apr-2026 | |
| 3,543 | |
| 8-Aug-2023 | |
*** | |
| 2.40 | % | |
8-Aug-2023 | |
8-Aug-2023 | |
| 2,837 | |
| 1-Sep-2023 | |
*** | |
| 0.20 | % | |
1-Sep-2023 | |
30-Apr-2026 | |
| 2,666 | |
| * |
Fair
value of the 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 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 Awards as of 1 May 2023, 8 August 2023 and 1 September 2023 are determined using interpolation method between the fair
values determined on 31 March 2023 and 30 September 2023. |
|
| SCHEDULE OF NUMBER OF UNVESTED SHARES |
Number
of unvested shares:
SCHEDULE OF NUMBER OF UNVESTED SHARES
| | |
Number of
unvested shares | |
| At 1 April 2023, based on number of DSL’s shares-in-issue | |
| 1,545 | |
| Additions | |
| 389 | |
| Vested | |
| (1,727 | ) |
| | |
| 69 | |
| | |
| (15 | ) |
| | |
| 261 | |
| | |
| 213,939 | |
| | |
| 469,052 | |
| | |
| (17,345 | ) |
| At 31 March 2024, based on number of DSL’s shares-in-issue | |
| 207 | |
| At 31 March 2024 recapitalized | |
| 169,749 | |
| | |
| | |
| At 1 April 2024, based on number of DSL’s shares-in-issue | |
| 207 | |
| Additions | |
| 69 | |
| Vested | |
| (15 | ) |
| Pre-recapitalized balance | |
| 261 | |
| Post-recapitalized balance | |
| 213,939 | |
| Additions | |
| 469,052 | |
| Vested | |
| (17,345 | ) |
| At 30 September 2024, based on number of Diginex Limited’s shares-in-issue | |
| 665,646 | |
|
Number
of unvested shares (based on number of DSL’s shares-in-issue at the end of each reporting period):
SCHEDULE OF NUMBER OF UNVESTED SHARES
| | |
Number of
unvested shares | |
| | |
USD | |
| At 1 April 2022 | |
1,404 | |
| Additions | |
| 141 | |
| At 31 March 2023 | |
| 1,545 | |
| At 31 March 2023 recapitalized | |
| 1,266,900 | |
| | |
| | |
| At 1 April 2023 | |
| 1,545 | |
| Additions | |
| 389 | |
| Vested | |
| (1,727 | ) |
| At 31 March 2024 | |
| 207 | |
| At 31 March 2024 recapitalized | |
| 169,749 | |
|
| SCHEDULE OF MOVEMENT OF SHARE OPTION RESERVE |
Movement
of share option reserve:
SCHEDULE OF MOVEMENT OF SHARE OPTION RESERVE
| | |
Share option reserve | |
| | |
USD | |
| At 31 March 2023 | |
| 1,084,270 | |
| Additions | |
| 1,352,787 | |
| Exercised | |
| (27,368 | ) |
| At 31 March 2024 | |
| 2,409,689 | |
| Additions | |
| 320,533 | |
| Exercised | |
| (1,796,029 | ) |
| Expired | |
| (283,690 | ) |
| At 30 September 2024 | |
| 650,503 | |
|
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 | |
|
| 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 and DSL Awards granted is estimated at the grant date using 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 | |
| 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 | % |
|
The
fair value of the Awards granted is estimated at the grant date using 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 | % |
|