Intimation of allotment of 92,200 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 92,200 equity shares of Rs. 10 face value each to eligible employees who exercised their stock options under the SBI Card-Employee Stock Option Plan 2019. The exercise price was Rs. 152.10 per share. As a result, the paid-up equity capital has increased from Rs. 951.39 crore (95,13,93,104 shares) to Rs. 951.48 crore (95,14,85,304 shares), representing a marginal dilution of about 0.01% of the total share base. The allotment was approved by the Nomination and Remuneration Committee on May 26, 2025.
This is a routine ESOP allotment with negligible dilution (~0.01%) and is unlikely to have any meaningful impact on the share price or shareholder value. Existing shareholders' stake is only marginally reduced.