SBFC Finance Limited has informed the Exchange regarding Allotment of 1796730 Shares pursuant to ESOP exercise.
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SBFC Finance has allotted 17,96,730 equity shares to employees and ex-employees on exercise of stock options across five ESOP schemes, with exercise prices ranging from Rs. 21.45 to Rs. 55 per share. Separately, 1,05,000 shares were transferred from the SBFC Employee Welfare Trust to employees under the 2021-I scheme at Rs. 19 per share. As a result, the company's total issued and paid-up equity share capital increased from Rs. 1,085.99 crore to Rs. 1,087.79 crore, taking the total number of shares to 1,08,77,95,818. The newly issued shares will rank equally with existing shares, and there is no lock-in period applicable.
This is a routine ESOP allotment that causes a minor dilution of about 0.16% in existing shareholders' stake. The cash inflow to the company from employee option exercises strengthens equity, with no significant impact expected on the stock price.