Sai Life Sciences Limited has announced the allotment of 18,700 fully paid-up equity shares of Rs. 1 each. These shares were issued upon the exercise of options granted under the Employees Stock Option Plan 2008 (“ESOP 2008”). The allotment, approved by the Board of Directors on August 6, 2026, impacts the company’s total issued shares and share capital.
ESOP Allotment Details
Sai Life Sciences Limited has formally approved and allotted 18,700 fully paid-up equity shares. Each share carries a face value of Rs. 1. This issuance is a direct result of employees exercising their options granted under the company’s Employees Stock Option Plan 2008 (ESOP 2008).
Transaction Specifics
The decision to allot these shares was made during a Board of Directors meeting held on August 6, 2026. The exercise price per share for this allotment was Rs. 188.90, generating INR 35,32,430 in proceeds. The premium per share for this transaction was Rs. 187.90.
Following this allotment, the total number of issued shares after this issue stands at 21,23,13,616, with a corresponding total issued share capital of 21,23,13,616.
Scheme Information
The shares were issued under the “Employees Stock Option Plan 2008.” The scheme’s objective is to provide incentives to attract, retain, and reward employees, thereby contributing to the company’s growth. The ESOP Plan features a maximum vesting period of 5 years, with multiple vesting options. The exercise period for these options extends as long as the employee remains in the service of the company.
Source: BSE
