Poonawalla Fincorp has announced the grant of 25,000 stock options under its ‘Employee Stock Option Plan-2024 – Scheme-II’. These options are offered to eligible employees at an exercise price of Rs. 469.95 per share. The grant aligns with the company’s strategy to incentivize its workforce and retain talent, with vesting scheduled according to the plan’s provisions.
ESOP Grant Details
Poonawalla Fincorp Limited has officially communicated the grant of a significant number of stock options to its employees. On August 04, 2026, the Nomination and Remuneration Committee of the Board of Directors approved the issuance of 25,000 stock options. These options are part of the company’s ‘Employee Stock Option Plan-2024 – Scheme-II’, specifically designated as ‘ESOP-2024 – Scheme -II’ Tranche – 46.
Exercise Price and Vesting
The exercise price for these granted stock options has been fixed at Rs. 469.95 per share. The vesting of these options will occur according to the schedule outlined within the ‘ESOP-2024 – Scheme-II’ document. This initiative is intended to align the interests of the employees with those of the shareholders, fostering a long-term commitment and driving company performance.
Regulatory Compliance
The grant of these stock options is in full compliance with the provisions of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021, as amended. The company has duly informed the stock exchanges about this development as required by listing regulations.
Source: BSE
