‘Suryoday Small Finance Bank Limited
Annexure 22 - Notes forming part of the Restated Summary Statements
{All amounts are in Indian Rupees in million untess otherwise stated)

 

‘The key assumptions used in Black Scholes model for calculating value of options as on the date of the grant are:

 

 

Employee stock option scheme 2014

 

 

 

 

 

 

 

 

Variables ‘Tranche 1 ‘Tranche 2 ‘Tranche 3
Risk Free interest Rate eae a5
[Expected Life (in years) 2.56 3.56]
[Expected Volatility 36.00% 33,008
lsDividend Vield 0.00 0.00%| 0.00%
5.Fair value ofthe oplion on the grant date 18.99 2191 23.00]

 

 

Employee stock option scheme 2016 - Grant I

 

 

 

 

 

 

 

Variables ‘Tranche 1 ‘Tranche 2 ‘Tranche 3
Risk Free interest Rave 50% 550% 5.5005 50

[Expected Life (in years) 2.56 3.56] 4.56 5.56]
[Expected Volailiy A689 39.61%] BLAI96 20166
[4.Dividend Viel 0.00% 0.00%4| 0.00% 0.00%5|
5.Fair value ofthe oplion on the grant date 22.83] 48.3] 53.26 60.00

 

 

‘Employee stock option scheme 2016 - Grant 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variables ‘Tranche 1 ‘Tranche 2 ‘Tranche &
1 Risk Free interest Rate Es 5.50% 5.50%]
[Expected Life (in years) 2.56 3.56] 5.56
[Expected Volatility 36.80% 38.74% 39.3496]
la;Dividend Vield 0.00% 0.00%%| 0.00%|
5.Fair value of the oplion on the grant date) 37.43] aaa 37.16]
‘Employee stock option scheme 2016 - Grant

Variables ‘Tranche 1 ‘Tranche 2 ‘Tranche 3 ‘Tranche #

1. Risk Free interest Rate 50% 650% 6.50% 6.50%]
[Expected Life (in years) 2.56 3.56] 4.56 5.56]
[Expected Volatility 391354 392%] 310596 37.08]
fs Dividend Vield 0.006 0.00%| 0.00% 0.00%|
5.Fair value ofthe oplion on the grant date 39.65] 47.58] 53.37 58.52

 

 

‘Employee stock option scheme 2016- Grant 4

 

   

 

 

 

 

 

 

Variables ‘Tranche 1 ‘Tranche 2 ‘Tranche 3
1. Risk Frew interest Rate Ge 670% 6.709 6.755]
[Expected Life (in years) 2.56 3.56] 4.56 5.56
[Expected Volatility 33.05% 37.71% 3.38% Baste]
[a Dividend Yield 0.006 0.00%| 0.009 0.00%|
5.Fair value ofthe oplion on the grant date 30.86] SLD 39.19 65.01

 

 

Employee stock option scheme 2016 - Grant

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Variables ‘Tranche 2 ‘Tranche 3
Risk Free interest Rave 7.3806 7.3895 7.3896]
[Expected Life (in years) 3.56] 456 5.56
[Expected Volailiy 30.03% 37.18% 2006]
[4.Dividend Viel 0.00%4| 0.00% 0.00%5|
5.Fair value ofthe oplion on the grant date 537] 74.07 22.60

 

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