Aavas Financiers Limited has informed the Exchange regarding Outcome of Board Meeting held on August 18, 2025.
AAVAS · price
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Aavas Financiers' board, at its meeting on August 18, 2025, approved a new Employee Stock Option Plan called 'ESOP-2025'. The scheme reserves up to 23,74,191 equity shares (face value Rs. 10 each) for issue to eligible employees in one or more tranches. The plan is in line with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021, and will need shareholder approval at the upcoming 15th Annual General Meeting. Stock options, once vested, can be exercised within 5 years from each vesting date. The 15th AGM is scheduled for September 16, 2025, at 3:30 PM via video conferencing. The board meeting lasted only 9 minutes (10:06 AM to 10:15 AM).
The ESOP-2025 scheme creates a potential dilution of roughly 3% on a fully expanded equity base, which is moderate. It signals the company's intent to use stock-based compensation to attract and retain talent, but shareholders should watch the pricing formula when it is disclosed ahead of the AGM vote.