Please find attached the details with respect to stock options granted by Nomination and Remuneration Committee at its meeting held today.
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The Nomination and Remuneration Committee of Shriram Asset Management Company approved the grant of 150,000 stock options to eligible employees under the company's Employees Stock Option Plan, 2022. Of these, 125,000 options carry an exercise price of Rs. 350 per share and will vest over 4 years in a 20:25:25:30 ratio, with a 4-year exercise window after vesting. The remaining 25,000 options carry an exercise price of Rs. 291.9 per share and will vest over 3 years in a 30:30:40 ratio, with a 3-year exercise window. Each option, when exercised, will entitle the employee to one equity share of Rs. 10 face value. The committee meeting was held on July 28, 2025, from 4:45 p.m. to 5:00 p.m. No options have been exercised yet.
This is a routine employee incentive grant and signals management's effort to retain and motivate staff through equity participation. The total dilution from these 150,000 shares is modest, but it could mildly increase the share count if all options are eventually exercised.