Sundaram Finance Limited has informed the Exchange regarding Exercise of 3064 options.
SUNDARMFIN · price
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Awaiting price reaction for this filing.
Sundaram Finance Limited informed the exchange that 3,064 employee stock options were exercised on 2nd June 2025. These options were originally granted in May 2021 (Grant 13: 90 options by 1 employee) and May 2022 (Grant 14: 2,974 options by 16 employees) under the company's Employee Stock Option Scheme (SFESOS-2008). The shares are being transferred from the Sundaram Finance Employees Welfare Trust directly to the demat accounts of the option holders, meaning no new shares are being issued to the market.
This is a routine ESOP exercise disclosure with no new dilution for existing shareholders since shares come from an internal welfare trust. The small scale of the exercise (relative to a large NBFC) is unlikely to move the stock price.