FilingReader Intelligence

IIFL Finance expands equity base with ESOP allotment

October 10, 2025 at 07:05 PM UTCBy FilingReader AI

On October 10, 2025, IIFL Finance Limited announced its nomination and remuneration committee approved the allotment of 111,433 equity shares. These shares were issued to employees exercising stock options under the company's employee stock option scheme(s), as detailed in a circular resolution dated the same day.

The allotment directly impacts the company's equity structure, increasing its equity base from 424,990,678 shares to 425,102,111 shares. Each of these newly allotted shares carries a face value of Rs. 2. The company has formally notified both the BSE Limited and the National Stock Exchange of India Ltd. of this development.

This move reflects IIFL Finance’s ongoing strategy concerning employee incentivization and capital management. The communication was signed by Samrat Sanyal, company secretary & compliance officer.

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

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