ESOP16 Jul 2026, 04:40 pm
Poonawalla Fincorp Grants 1.75 Lakh Stock Options
AI Summary
Poonawalla Fincorp Ltd announced on July 16, 2026, that its Nomination and Remuneration Committee has granted 1,75,000 stock options to eligible employees under the 'Employee Stock Option Plan-2024- Scheme- II'. The exercise price for these options is set at ₹473.25. The grant aligns with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021, and the options will vest according to the plan's schedule. This move is intended to incentivize and retain key personnel.
Key Highlights
- 1,75,000 stock options granted to employees.
- Exercise price set at ₹473.25 per option.
- Grant is under ESOP-2024 - Scheme- II, Tranche - 44.
- Vesting schedule to be followed as per the plan.
- Action complies with SEBI regulations on employee benefits.
Price Impact
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