Sundaram Finance has announced the grant of 14,629 stock options to eligible employees under the company’s 2008 Employee Stock Option Scheme (SFESOS). These options provide employees the right to acquire an equal number of equity shares of ₹10 each. The options are set for exercise between June 1, 2029, and November 30, 2029, with an exercise price fixed at ₹10 per share.
Details of the Stock Option Grant
The Board of Directors of Sundaram Finance approved the issuance of 14,629 stock options at a meeting held on May 25, 2026. This initiative is part of the ongoing commitment under the Sundaram Finance Employee Stock Option Scheme – 2008 to reward and incentivize the company’s eligible workforce.
Exercise Schedule and Pricing
Under the terms of this grant, employees are entitled to acquire equity shares from the Sundaram Finance Employees Welfare Trust. Each stock option corresponds to one equity share with a face value of ₹10. The company has set a clear window for the exercise of these options, which opens on June 1, 2029, and concludes on November 30, 2029. During this period, the options can be exercised at a fixed price of ₹10 per share.
Source: BSE
