Poonawalla Fincorp Limited allotted 28,850 equity shares under Employee Stock Option Plan - 2021 on March 20, 2026, with face value of Rs. 2/- each. The allotment increased the company's paid-up equity share capital to Rs. 1,625,635,316.00, comprising 812,817,658 total equity shares. The newly allotted shares rank pari-passu with existing equity shares in all respects.

Poonawalla Fincorp Allots 28,850 Equity Shares Under Employee Stock Option Plan

Poonawalla Fincorp Limited has announced the allotment of equity shares under its Employee Stock Option Plan, marking another step in its employee compensation strategy. The company informed stock exchanges about this corporate action on March 20, 2026.

Share Allotment Details

The Nomination and Remuneration Committee of the Board of Directors approved the allotment of 28,850 equity shares under the Employee Stock Option Plan - 2021. The allotment details are presented below:

Parameter: Details Shares Allotted: 28,850 equity shares Face Value: Rs. 2/- per share ESOP Plan: Employee Stock Option Plan - 2021 Allotment Date: March 20, 2026 Share Ranking: Pari-passu with existing equity shares

Updated Share Capital Structure

Following this allotment, Poonawalla Fincorp's equity share capital structure has been updated. The newly allotted shares will carry the same rights and privileges as existing equity shares of the company.

Capital Parameter: Updated Position Paid-up Share Capital: Rs. 1,625,635,316.00 Total Equity Shares: 812,817,658 shares Face Value per Share: Rs. 2/- Share Classification: Equity Shares

The company has communicated this information to both BSE Limited and National Stock Exchange of India Limited as part of its regulatory compliance under SEBI Listing Regulations. The announcement was signed by Company Secretary Shabnum Zaman, confirming the completion of this employee stock option exercise.

Motilal Oswal Securities Limited (MOSL) has reaffirmed its positive stance on Poonawalla Fincorp , maintaining a Buy rating with a target price of ₹560. The brokerage firm's recommendation is based on the company's successful transition into a stable growth phase following comprehensive portfolio clean-up initiatives.

Growth Projections and Financial Outlook

MOSL has outlined robust growth expectations for Poonawalla Fincorp over the medium term. The firm projects impressive compound annual growth rates across key financial metrics:

Metric Projected CAGR (FY26-28E) Assets Under Management (AUM) ~46% Profit After Tax (PAT) ~129%

Profitability Enhancement Strategy

The brokerage expects significant improvements in the company's profitability ratios by FY28E. MOSL forecasts substantial enhancement in key performance indicators:

Ratio Target by FY28E Return on Assets (ROA) ~2.50% Return on Equity (ROE) ~15%

Strategic Business Transformation

MOSL's positive outlook is anchored on several strategic initiatives undertaken by Poonawalla Fincorp. The company has successfully completed its portfolio clean-up phase, positioning itself for sustainable growth. Key strategic factors supporting the Buy recommendation include:

Multi-product expansion: The company is broadening its product portfolio to capture diverse market opportunities

Diversified credit mix: Strategic shift towards a more balanced and risk-optimized credit portfolio

Stable growth transition: Successful movement from restructuring phase to sustainable growth trajectory

Market Position and Investment Rationale

The ₹560 target price reflects MOSL's confidence in Poonawalla Fincorp's ability to execute its growth strategy effectively. The combination of strong projected growth rates and improving profitability metrics supports the brokerage's optimistic assessment of the company's prospects in the financial services sector.

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