FilingReader Intelligence

Shriram Finance allots equity shares under employee stock option scheme

July 8, 2025 at 09:41 AM UTCBy FilingReader AI

Shriram Finance announced the allotment of 1,19,787 equity shares, with a face value of INR2 each, to 163 employees. The shares were allotted following the exercise of Fresh Stock Options under the Shriram Finance Limited Employee Stock Option Scheme 2023 (No.1). This allotment, approved on July 8, 2025, has increased the company's paid-up share capital from INR376,12,86,448 to INR376,15,26,022. The exercise price per share was INR38.71 with a premium of INR36.71. The company has confirmed that the shares are identical and shall rank pari-passu with existing shares. The allotment complies with SEBI regulations regarding share-based employee benefits.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:SHRIRAMFINBombay Stock Exchange

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