SBI Life Insurance Company Limited has informed the Exchange regarding allotment of 168434 securities pursuant to ESOP/ESPS at its meeting held on Jun 14, 2025
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SBI Life Insurance has allotted 1,68,434 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 June 14, 2025. Post this allotment, the company's paid-up share capital stands at Rs. 1,002,35,13,200, comprising 1,00,23,51,320 equity shares. This is a routine disclosure required under SEBI listing regulations whenever shares are issued under an ESOP.
This is a small, routine ESOP allotment causing negligible dilution (less than 0.02% of total share capital). No material impact on shareholders or stock price is expected.