Sundaram Finance Limited has informed the Exchange regarding Grant of 14629 Options.
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Sundaram Finance Limited's Board of Directors granted 14,629 stock options to eligible employees under the Sundaram Finance Employee Stock Option Scheme – 2008 (SFESOS). Each option entitles employees to acquire one equity share of ₹10 each from the Sundaram Finance Employees Welfare Trust. The options can be exercised during the period June 1, 2029 to November 30, 2029 at an exercise price of ₹10 per share. This is a disclosure under SEBI Listing Regulations 30 read with Schedule III Part A Para B.
This is a routine corporate governance disclosure regarding employee stock ownership. The 14,629 options represent a minimal dilution and carry no immediate impact on the stock price or business operations.