Shriram Finance Limited has allotted 61,491 equity shares of face value ₹2 each fully paid-up to 65 employees who exercised Fresh Stock Options under the Shriram Finance Limited Employee Stock Option Scheme 2023 (No.1) (SFL ESOS 2023 (No.1)).
The exercise price per share was ₹38.71, with a premium of ₹36.71 per share over the face value of ₹2.
Pursuant to this allotment, the paid-up share capital of the company increased from ₹470,59,67,086 to ₹470,60,90,068.
The shares were issued in dematerialized form with ISIN INE721A01047 and distinctive numbers ranging from 2352983544 to 2353045034 (both inclusive). The new shares rank pari-passu with existing equity shares in all respects.
The allotment was approved by the ESOP Allotment Committee in its meeting held on September 10, 2026, and complies with Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as well as Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
There are no lock-in restrictions on the allotted shares, and no listing fees are payable for this issuance.
The scheme was originally filed with the stock exchanges on March 24, 2023, with reference numbers DCS/IPO/TL/ESOP-IP/2715/2023-24 (BSE) and NSE/LIST/34990 (NSE) dated April 06, 2023.
Additional Announcements:
No additional corporate updates were provided in this filing.