PB Fintech has approved the grant of 35,11,256 stock options to its employees under the PB Fintech Employees Stock Option Scheme 2024 (ESOP 2024). These options are convertible into an equal number of equity shares with a face value of ₹2 each. The decision was made during a Nomination and Remuneration Committee meeting on December 02, 2025.
ESOP 2024 Grant Details
PB Fintech has granted 35,11,256 stock options to eligible employees under the PB Fintech Employees Stock Option Scheme 2024 (ESOP 2024). The decision was reached during the Nomination and Remuneration Committee (NRC) meeting held on December 02, 2025. These options are convertible into an equivalent number of equity shares of the company, each having a face value of ₹2.
Terms of Exercise
The exercise price per option will be at a 10% discount to the volume-weighted average price of the 90 trading days immediately preceding the date of grant. The exercise price has been determined to be ₹1,589.67 per option.
Vesting Period
The vesting period will commence from the Grant Date, with a minimum of 4 years and a maximum of 8 years from the Grant Date. The vesting and exercise of options are subject to certain conditions.
Vesting Conditions
The options will vest only if the volume-weighted average share price on the vesting date is 150% or higher than the volume-weighted average share price preceding the grant date.
Options will vest in a single vesting cycle after completion of 4 years from the grant date.
Exercise Window
After vesting, options can be exercised, either wholly or partly, within a maximum period of 2 years from the date of vesting.
Source: BSE