Intimation of Grant of Employees Stock Options under Unifinz Capital India Limited-UCIL ESOP 2025 Plan
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Unifinz Capital India Ltd has granted 40,50,000 (40.5 lakh) employee stock options to identified eligible employees under its UCIL ESOP 2025 plan, as approved by the Nomination and Remuneration Committee on March 12, 2026. The exercise price is fixed at Rs 10 per option, which equals the face value of the equity shares. Out of the total, 6,35,000 options will vest annually over three years (30%-30%-40%), while the larger tranche of 34,15,000 options will vest 100% in the first year itself. The options, once vested, can be exercised within 3 years. No options have been exercised, lapsed, or generated any money so far.
If all 40.5 lakh options are ultimately exercised, it would lead to dilution of existing shareholders' equity by that many additional shares. However, since the exercise price is set at face value (Rs 10) — a very low level — the grants are highly favourable to employees and could weigh on share value if exercised in large numbers. The 100% first-year vesting of the bulk of options means future supply overhang could arrive quickly.