SBI Life Insurance Company Limited has informed the Exchange regarding allotment of 123906 securities pursuant to ESOP/ESPS at its meeting held on August 18, 2025
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SBI Life Insurance Company has allotted 1,23,906 equity shares of Rs. 10 each to certain employees who exercised their vested stock options under the SBI Life Employee Stock Option Scheme 2018. The allotment was approved by the Board Stakeholders' Relationship & Sustainability Committee on August 18, 2025. Post this allotment, the company's total paid-up share capital stands at Rs. 1,002,47,52,260 comprising 1,00,24,75,226 equity shares. The shares are being issued to employees, not to the public, so there is no new capital being raised from the market.
This is a routine ESOP allotment with very minor dilution (less than 0.001% increase in share count). No material impact on shareholders as the shares are part of a pre-existing employee benefit plan already approved by the board.