SGFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SG Finserve Limited announced the grant of 7,30,900 Employee Stock Options (ESOPs) to eligible employees on April 1, 2025, under the Moongipa Securities Limited Employees Stock Option Scheme – 2022. Each option is convertible into one equity share of face value ₹10 at an exercise price of ₹407.05 per option, determined on the basis of the prevailing market price. The scheme is compliant with SEBI (SBEB & SE) Regulations, 2021. Vested options must be exercised within one year from the date of last vesting. The grant was approved by the Nomination and Remuneration Committee of the Board.
This ESOP grant will lead to potential dilution of existing shareholders if all options are vested and exercised, creating up to 7,30,900 new equity shares. However, pricing at market rate and alignment of employee incentives with company performance is generally viewed as a positive governance signal.