Annual report pursuant to Section 13 and 15(d)

STOCK BASED COMPENSATION (Tables)

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STOCK BASED COMPENSATION (Tables)
12 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of fair value of such stock options using the Black-Scholes option valuation
The Company has determined the fair value of shares awarded during the year ended March 31, 2024, using the Monte Carlo valuation model based on the following key assumptions:
Term (years) 4.91
Volatility 36.55  %
Risk-free rate 4.18  %
Schedule of the activity of the company's restricted stock outstanding
The table below summarizes the activity for the Company's stock awards outstanding during the year ended March 31, 2024:
Shares Weighted
Average
Fair Value
Outstanding, March 31, 2023
467,058  18,035 
Granted 878,500  61,734 
Vested (357,853) (21,936)
Forfeited/cancelled/expired (4,500) (235)
Outstanding, March 31, 2024
983,205  57,598