Poonawalla Fincorp Limited has announced the grant of 10,86,000 stock options under its ‘Employee Stock Option Plan-2024 – Scheme-II’ (ESOP-2024). The options, designated as Tranche-47, were granted to eligible employees at an exercise price of Rs. 478.50 per share. The vesting of these options will follow the schedule outlined in the ESOP-2024 Scheme-II document.
Employee Stock Option Grant Announced
Poonawalla Fincorp Limited has officially announced the grant of stock options to its employees, a move designed to incentivize and retain talent. The Nomination and Remuneration Committee of the Board of Directors approved the grant on August 28, 2026.
ESOP Details
A total of 10,86,000 stock options have been granted under the company’s ‘Employee Stock Option Plan-2024 – Scheme-II’. These options are part of Tranche-47 and have been allocated to eligible employees of the company. The exercise price for these options is set at Rs. 478.50 per option. The vesting of these stock options will be in accordance with the stipulated vesting schedule as detailed within the ESOP-2024 Scheme-II.
Regulatory Compliance
This grant of stock options is in alignment with the provisions of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021, as amended from time to time, ensuring adherence to regulatory frameworks governing such employee benefit schemes.
Source: BSE
