Aavas Financiers Limited has informed the Exchange about Grant of Stock Options under PSOP 2023 Scheme.
AAVAS · price
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Awaiting price reaction for this filing.
Aavas Financiers has allotted 4,448 equity shares of Rs. 10 each to employees who exercised their stock options under three schemes — 1,461 under ESOP 2016-I, 2,600 under ESOP 2019, and 387 under PSOP 2023. As a result, the company's paid-up share capital has risen from Rs. 79.16 crore (7,91,56,905 shares) to Rs. 79.16 crore (7,91,61,353 shares). Additionally, the Nomination and Remuneration Committee has granted 23,637 fresh stock options under the PSOP 2023 scheme, which will vest in four equal tranches of 25% over four years, with a four-year exercise window from each vesting date. The newly allotted shares will rank equally with existing equity shares, and the company is completing listing formalities.
This is a routine employee compensation event with negligible dilution (4,448 shares is tiny relative to the ~7.92 crore share base). The 23,637 fresh options granted represent future potential dilution but are not material to shareholding. No meaningful impact on stock price or retail shareholders is expected.