SBI Cards and Payment Services Limited has informed the Exchange regarding Allotment of 3905 Shares.
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SBI Cards and Payment Services Limited has allotted 3,905 equity shares of Rs. 10 each to eligible employees upon exercise of stock options. 2,150 shares were allotted under ESOP Plan 2019 at an exercise price of Rs. 152.10 per share, and 1,755 shares were allotted under ESOP Plan 2023 at an exercise price of Rs. 10 per share. Following this allotment, the company's paid-up capital has increased from Rs. 9,51,60,53,890 to Rs. 9,51,60,92,940, with the total number of equity shares increasing from 95,16,05,389 to 95,16,09,294. The Nomination and Remuneration Committee approved the allotment on May 26, 2026.
This is a routine ESOP exercise with minimal dilution of approximately 0.0041%, resulting in negligible impact on existing shareholders. The stock price is unlikely to be materially affected by this small share issuance.