Intimation of allotment of 42,400 Equity Shares pursuant to exercise of Employee Stock Options under the SBI Card - Employee Stock Option Plan 2019 (ESOP Scheme 2019)
Awaiting price reaction for this filing.
SBI Cards and Payment Services has allotted 42,400 equity shares to eligible employees who exercised their stock options under the SBI Card ESOP Scheme 2019. The shares were allotted at an exercise price of Rs. 152.10 per share. Following this allotment, the company's paid-up equity share capital increased marginally from Rs. 951.49 crore to Rs. 951.53 crore. The total number of equity shares rose from 95,14,85,304 to 95,15,27,704. This is a routine employee stock option exercise approved by the Nomination and Remuneration Committee on June 20, 2025.
This is a routine ESOP allotment with negligible dilution (42,400 shares against over 95.15 crore total shares). No material impact on share price or shareholder value is expected.