SBI Life Insurance Company Limited has informed the Exchange regarding Allotment of 79420 Shares pursuant to ESOP through circular resolution of the Board Stakeholders' Relationship and Sustainability Committee passed on May 15, 2026.
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SBI Life Insurance has allotted 79,420 equity shares of Rs. 10 each to employees who exercised their vested stock options under the 2016 ESOS scheme. The Board Stakeholders' Relationship & Sustainability Committee passed the resolution on May 15, 2026. Following this allotment, the company's paid-up share capital stands at Rs. 1,003.17 crore consisting of 100.32 crore equity shares. This is a routine employee compensation exercise and represents a very small dilution of approximately 0.008% of total shares.
The share issuance is minor and has no material impact on stock price or shareholder value. Such ESOP exercises are standard corporate actions and typically not price-sensitive.