Fino Payments Bank Limited has informed the Exchange about Options to purchase securities
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Fino Payments Bank has granted 5,00,000 stock options to eligible employees under its Employee Stock Option Policy 2024 (ESOP 2024), approved by the Nomination & Remuneration Committee on May 2, 2025. Each option gives the right to one equity share of ₹10 face value, meaning up to 5,00,000 shares could be issued upon exercise. The exercise price has been set at ₹246.20 per option, equal to the previous day's closing market price on the NSE. Options will vest equally over three years (33.33% each year) and can be exercised within 5 years of vesting while in employment, or 3 years post-resignation. This is a routine ESOP grant and does not involve any new fundraising by the company.
This is a standard employee incentive grant with no immediate dilution or cash impact for shareholders. Potential dilution of up to 5,00,000 shares (small relative to share base) may occur over 3+ years if employees exercise options, but the market-price exercise means no value transfer from existing shareholders.