SBI Cards Allots 5,530 Equity Shares to Employees Under ESOP Schemes

SBI Cards and Payment Services Limited has completed the allotment of 5,530 equity shares to eligible employees under its Employee Stock Option Plans on March 22, 2026. The allotment was approved by the Nomination and Remuneration Committee of the Board through a resolution dated March 22, 2026.

ESOP Allotment Details

The share allotment was executed under two separate ESOP schemes with different exercise prices and allocations:

ESOP Scheme Shares Allotted Exercise Price (₹) Face Value (₹) ESOP Scheme 2019 3,350 152.10 10 ESOP Scheme 2023 2,180 10.00 10 Total 5,530 - 10

The significant difference in exercise prices between the two schemes reflects the timing of their implementation, with the 2019 scheme carrying a substantially higher exercise price of ₹152.10 per share compared to ₹10 per share for the 2023 scheme.

Impact on Share Capital

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

Parameter Before Allotment After Allotment Paid-up Capital ₹9,51,59,47,210 ₹9,51,60,02,510 Number of Shares 95,15,94,721 95,16,00,251 Face Value per Share ₹10 ₹10

The allotment represents a marginal increase in the total share count, adding 5,530 shares to the existing base of over 95 crore equity shares.

Corporate Compliance

The company has fulfilled its regulatory obligations by informing both the BSE Limited and the National Stock Exchange of India Limited about the allotment. SBI Cards trades on BSE under scrip code 543066 and on NSE under the symbol SBICARD. The information has also been uploaded on the company's official website at www.sbicard.com as part of its disclosure requirements.

The allotment was processed on March 22, 2026, at around 10:31 AM, with the formal intimation signed by Payal Mittal Chhabra, Chief Compliance Officer and Company Secretary of SBI Cards and Payment Services Limited.

SBI Cards and Payment Services Limited participated in a group call organized by Morgan Stanley on March 18, 2026, bringing together representatives from 42 institutional investors and asset management companies. The session was held at Gurugram from 1:30 PM to 2:19 PM, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Disclosure and Compliance

The company filed the mandatory disclosure with both BSE Limited and National Stock Exchange of India Limited, following up on their earlier communication dated March 12, 2026. Chief Compliance Officer and Company Secretary Payal Mittal Chhabra signed the disclosure document, emphasizing the company's commitment to regulatory compliance and transparency.

Prominent Institutional Participation

The group call witnessed significant participation from leading domestic and international investment firms. The session attracted major players across various investment categories:

Participant Type: Notable Companies Global Investment Banks: Goldman Sachs, Morgan Stanley Domestic Asset Managers: Axis Asset Management, DSP Asset Managers, UTI AMC International Funds: Canada Pension Plan Investment Board, Franklin Templeton Hedge Funds: Citadel International Equities, DE Shaw, Millennium Partners

Comprehensive Investor Engagement

The complete list of 42 participants included established names such as Aditya Birla Sun Life Asset Management, Bajaj Finserv AMC, Canara Robeco Asset Management, Invesco Asset Management, and Sundaram Mutual Fund. International participants included Balyasny Asset Management, Hudson Bay Capital, and Schrodors, demonstrating strong global interest in the company's operations.

Information Sharing Protocol

During the session, SBI Cards shared information that was already available in the public domain, maintaining compliance with regulatory guidelines. The company also uploaded the participant details on its official website at www.sbicard.com , ensuring transparency and accessibility for all stakeholders.

Corporate Communication Framework

This investor engagement reflects SBI Cards' structured approach to maintaining regular communication with the investment community. The company operates from its corporate office at DLF Infinity Towers in Gurugram, with its registered office located in New Delhi. The systematic disclosure and broad institutional participation underscore the company's commitment to transparent corporate governance practices.

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