India Shelter Finance Corporation Allots 6,400 Equity Shares Under ESOP Schemes

India shelter finance Corporation Limited has allotted 6,400 equity shares under its Employee Stock Option Plans (ESOP), marking another milestone in the company's employee incentive programs. The allotment was approved by the Stakeholders Relationship Committee through a resolution by circulation on May 01, 2026.

ESOP Allotment Details

The share allotment was executed under two separate ESOP schemes with different pricing structures:

Scheme Shares Allotted Exercise Price Premium ESOP 2021 2,400 shares Rs. 154.80 Rs. 149.80 ESOP 2023 4,000 shares Rs. 204.00 Rs. 199.00 Total 6,400 shares - -

All shares carry a face value of Rs. 5/- each and were issued pursuant to the exercise of vested Employee Stock Options under the company's established ESOP schemes.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up share capital structure:

Parameter Before Allotment After Allotment Paid-up Capital Rs. 54,38,93,495 Rs. 54,39,25,495 Total Equity Shares 10,87,78,699 10,87,85,099 Face Value per Share Rs. 5/- Rs. 5/-

The distinctive numbers for the newly allotted shares range from 10,87,78,700 to 10,87,85,099.

Regulatory Compliance and Listing

The allotment was conducted in compliance with Regulation 10(c) of Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has filed the required disclosures with both BSE Limited and National Stock Exchange of India Limited.

Key regulatory details include:

Filing Date: April 22, 2024 (for both exchanges)

Filing Numbers: BSE: 200245 & 200247, NSE: 41278 & 41280

ISIN Number: INE922K01024

The newly allotted shares will rank pari-passu with existing equity shares of the company, carrying identical rights and privileges. India Shelter Finance Corporation is currently completing the necessary formalities for listing these shares on the stock exchanges.

Company Information

India Shelter Finance Corporation Limited operates from its registered office located at 6th Floor, Plot No. 15, Institutional Area, Sector 44, Gurugram, Haryana-122002. The company's shares are listed on both National Stock Exchange of India Limited and BSE Limited, providing liquidity to investors and employees participating in the ESOP schemes.

India Shelter Finance Corporation Limited has announced the grant of 2,84,700 stock options to eligible employees under its Employee Stock Option Scheme 2023 (ESOP 2023). The company's Nomination and Remuneration Committee approved this significant employee benefit initiative through a resolution passed in their meeting held on May 01, 2026.

Grant Details and Compliance

The stock options grant was made in accordance with the Employee Stock Option Scheme 2023, with each option having a face value of Rs. 5. The company has ensured full compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and the grant follows the pricing formula as defined in the ESOP Scheme 2023.

Parameter Details Total Options Granted 2,84,700 stock options Face Value per Option Rs. 5 Scheme Employee Stock Option Scheme 2023 Grant Date May 01, 2026 Exercise Period 5 years and 3 months from first vesting

Regulatory Framework

The grant was communicated to both BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company also ensured compliance with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Exercise Terms and Conditions

The granted options provide employees with the flexibility to exercise them within 5 years and 3 months from the date of first vesting, as outlined in the ESOP 2023 scheme. The pricing formula and exercise price are defined within the scheme parameters, ensuring transparency and adherence to regulatory guidelines.

Current Status

As of the grant date, no options have been vested or exercised yet. The company noted that diluted earnings per share calculations are not applicable at this stage since the options are yet to be exercised. This represents a fresh allocation under the company's employee incentive program, aimed at aligning employee interests with shareholder value creation.

The announcement was signed by Mukti Chaplot, Company Secretary and Compliance Officer, emphasizing the company's commitment to proper governance and regulatory compliance in implementing employee benefit schemes.

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