Key Approval Details
- Approving Authority: Nomination and Remuneration Committee of the Board of Directors
- Meeting Date: August 01, 2026
- Scheme Name: SG Finserve Limited Employee Stock Option Scheme- 2026
- Effective Grant Date: August 01, 2026
Options Grant Details
- Number of Options Granted: 150,000
- Underlying Shares: Convertible into equal number of equity shares
- Face Value per Share: ₹10
- Exercise Price per Option: ₹300.00
- Total Potential Equity Shares: 150,000 equity shares of face value ₹10 each
Scheme Compliance
The scheme is in terms of SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.
Key Terms and Conditions
- Administration: Scheme administered by Nomination and Remuneration Committee
- Eligibility: Based on criteria mentioned in the Scheme
- Vesting: Options shall vest as per schedule approved by the Committee
- Exercise Period: Vested options must be exercised within 1 year from date of last vesting
- Exercise Requirements: Payment of exercise price and applicable taxes
- Pricing Formula: Exercise price determined by Committee, not lower than face value and not higher than Market Price as defined in Scheme
Current Status
- Options Vested: Not applicable (communication pertains to grant only)
- Money Realized: Not applicable
- Options Lapsed: Not applicable
- Variation in Terms: Not applicable
- Subsequent Changes: Not applicable
- Diluted EPS Impact: Not applicable