Shriram Finance Limited has informed the Exchange regarding Allotment of 1,44,142 Equity Shares on exercise of Fresh Stock Options under SFL ESOS 2023 (No.1).
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Shriram Finance Limited has allotted 144,142 equity shares to 116 employees who exercised their stock options under the SFL ESOS 2023 scheme. The shares have a face value of Rs.2 each and were issued at an exercise price of Rs.38.71 per share (including a premium of Rs.36.71). Following this allotment, the company's paid-up share capital increased marginally from Rs.470.54 crore to Rs.470.57 crore. The new shares will rank pari-passu with existing shares and there is no lock-in on these shares. This is a routine quarterly ESOP exercise with negligible share dilution of approximately 0.006%.
Minimal impact on existing shareholders due to very small dilution (0.006%). This is a standard employee benefit exercise and does not indicate any change in company strategy or financial health.