StockWatch
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Non Banking Financial Company (NBFC)
ESOP25 May 2026, 09:51 pm

Sundaram Finance Grants 14,629 Stock Options to Employees

AI Summary

Sundaram Finance Ltd has announced the grant of 14,629 stock options to eligible employees under the Sundaram Finance Employee Stock Option Scheme – 2008 (SFESOS). These options entitle employees to acquire an equal number of equity shares of ₹10 each from the Sundaram Finance Employees Welfare Trust. The options can be exercised between June 1, 2029, and November 30, 2029, at an exercise price of ₹10 per share. The decision was made during a board meeting held on May 25, 2026.

Key Highlights

  • Sundaram Finance granted 14,629 stock options under SFESOS.
  • Eligible employees can acquire equity shares at ₹10 each.
  • Exercise period: June 1, 2029 to November 30, 2029.
  • Options are sourced from Sundaram Finance Employees Welfare Trust.