Arman Financial Services Limited has granted 4,500 stock options to an eligible employee of its subsidiary company, Namra Finance Limited. Each option will convert into one equity share of the company upon exercise, resulting in a potential issuance of 4,500 equity shares.
Key Details:
- Face Value: ₹10 per share
- Exercise Price: ₹500 per share
- Total Options Granted: 4,500 stock options
- ESOP Plan: Arman-Employee Stock Option Plan 2023 (ESOP Plan-2023)
- Compliance: The plan is in compliance with SEBI (Share Based Employee Benefit and Sweat Equity) Regulations, 2021
- Grant Date: November 5, 2026
Vesting Schedule:
- End of 1st year from Date of Grant: 10% vesting
- End of 2nd year from Date of Grant: 20% vesting
- End of 3rd year from Date of Grant: 30% vesting
- End of 4th year from Date of Grant: 40% vesting
Exercise Period: The options must be exercised within two years from the date of vesting of the respective options. Options not exercised within this period will lapse.
Additional Terms:
- Shares issued upon exercise shall be freely transferable with no lock-in period
- Minimum vesting period is one year, maximum vesting period shall not exceed five years from date of grant
- Vesting is subject to continued employment
Regulatory Reference: This disclosure is made pursuant to Regulation 30 and 51 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, read with Schedule III thereof.
Additional Announcements:
No additional corporate updates were included in this filing.