IIFL Capital Services Limited has announced the approval of a stock option grant for its employees under the “IIFL Securities Limited Employee Stock Option Scheme – 2018”. A total of 29,713 stock options were granted, each convertible into one equity share. Following the exercise of vested options, 180,499 equity shares were allotted, increasing the company’s equity base.
IIFL Capital Approves Employee Stock Option Grant
IIFL Capital Services Limited has officially announced the approval of a significant employee stock option grant. This decision was made by the Nomination and Remuneration Committee of the Board of Directors via a circular resolution passed on October 29, 2026.
Details of the Stock Option Grant
Under the “IIFL Securities Limited Employee Stock Option Scheme – 2018” (IIFL ESOS – 2018), a total of 29,713 stock options have been granted to identified employees. Each of these options is convertible into one fully paid-up equity share of the Company. The brief terms of this grant are as follows:
- Particulars: Brief details of options granted
- Details: 29,713 stock options granted to identified employee(s)
- Particulars: Whether Scheme is in terms of SEBI (SBEB) Regulations, 2021
- Details: Yes
- Particulars: Total number of shares covered under these options
- Details: 29,713 equity shares of face value of Rs. 2/- each
- Particulars: Pricing formula/Exercise Price
- Details: Rs. 346.20/- per Option
- Particulars: Options vested/Vesting Schedule
- Details: Over a period of 4 years from the date of grant
- Particulars: Options exercised/Time within which options may be exercised
- Details: 7 years from the date of grant
Allotment of Equity Shares
Following the exercise of vested stock options under the IIFL ESOS – 2018 scheme, the Company has approved the allotment of 180,499 equity shares. These shares have a face value of Rs. 2/- each and are eligible to rank pari passu in all respects with the existing equity shares of the Company from the date of their allotment.
Impact on Equity Base
As a result of this allotment, the total equity base of the Company has increased from 315352013 to 315532512 Equity Shares, each with a face value of Rs. 2/-.
Source: BSE
