Aadhar Housing Finance seeks approval for new employee stock option plan

Aadhar Housing Finance Limited (AHFL) has announced a postal ballot to seek shareholder approval for the 'Aadhar Housing Finance Limited - Employee Stock Option Plan 2025' ("ESOP Plan 2025"). This plan aims to introduce and implement employee stock options for eligible employees of the company and its group companies. The remote e-voting period for this resolution commences on Saturday, October 18, 2025, and concludes on Sunday, November 16, 2025.

The proposed ESOP Plan 2025 will have a maximum pool of 31,122,170 ESOPs, corresponding to 31,122,170 equity shares of the company, each with a face value of ₹10. This pool includes 13,406,852 new ESOPs, 7,175,952 ungranted ESOPs from the ESOP 2020 plan, and 10,539,366 unvested ESOPs from the ESOP 2020 that can be re-granted. The maximum number of options per employee is capped at 4,500,000.

The exercise price for grants made within 30 days of in-principle approval from a recognized stock exchange will be ₹425 per option. For subsequent grants, the price will be determined by the nomination and remuneration committee, with a maximum discount of 20% of the market price on the grant date.