Poonawalla Fincorp Limited has announced the grant of 11,05,000 stock options under its ‘Employee Stock Option Plan-2024 – Scheme-II’. These options were granted on September 02, 2026, to eligible employees at an exercise price of Rs. 462.40 per share. This move aligns with the company’s employee incentive and retention strategies, as per SEBI regulations.
Poonawalla Fincorp Approves Stock Option Grant
Poonawalla Fincorp Limited has officially communicated a significant grant of stock options to its employees. On September 02, 2026, the Nomination and Remuneration Committee of the Board of Directors approved the issuance of 11,05,000 stock options. These options fall under the company’s ‘Employee Stock Option Plan-2024 – Scheme-II’, specifically designated as Tranche – 48.
Key Details of the Grant
The eligible employees of the company will receive these stock options at an exercise price of Rs. 462.40 per share. The vesting of these stock options will occur according to the schedule stipulated within the ‘ESOP-2024 – Scheme-II’ document. This initiative is intended to align employee interests with the company’s performance and long-term growth objectives, in line with applicable SEBI regulations governing share-based employee benefits.
Source: BSE
