JM Financial Grants 9,70,624 Stock Options to Employees

JM Financial Ltd has granted 9,70,624 stock options to eligible employees, as approved by the Nomination and Remuneration Committee on May 19, 2026. These options will result in the issuance of an equivalent number of equity shares with a face value of Re. 1 each. The grant is effective from July 1, 2026, with vesting schedules and exercise periods detailed for two tranches: 4,89,625 options vesting on July 1, 2027, and 4,80,999 options vesting in three stages from July 1, 2027, to July 1, 2029.