Spandana Sphoorty grants over 1.2m stock options to employees

Spandana Sphoorty Financial Limited’s Nomination and Remuneration Committee approved the grant of 1,243,000 stock options on October 8, 2025. These options, once exercised, will convert into an equal number of equity shares for identified employees under various Spandana Employee Stock Option Plans and Schemes from 2018 and 2021. Each stock option grants the holder the right to subscribe for one fully paid equity share of the company.

The schemes comply with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The options will vest according to a defined schedule, comprising both Time Options and Performance Options. For Time Options, 25% will vest on each of the first, second, third, and fourth anniversaries from the grant date.

Similarly, for Performance Options, 25% of the total will vest annually on each of the first, second, third, and fourth anniversaries from the grant date, with maximum options entitled for vesting based on annual performance ratings. These performance options will vest upon the completion of the annual performance cycle as per the respective plans.