PB Fintech grants over 3.5m stock options to employees

On December 2, 2025, PB Fintech's nomination and remuneration committee approved the grant of 3,511,256 stock options under the PB Fintech Employees Stock Option Scheme 2024 ("ESOP 2024"). These options are convertible into an equal number of equity shares, each with a face value of INR 2.00. This move aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The exercise price for each option is set at a 10% discount to the volume-weighted average price of the last 90 trading days preceding the grant date. Consequently, the exercise price is INR 1,589.67 per option. Options granted will vest in a single cycle after four years from the grant date, provided the volume-weighted average share price on the vesting date is 150% or higher of the volume-weighted average share price preceding the grant date. Employees can exercise these options, either wholly or partly, within a maximum period of two years from the date of respective vesting.

The scheme is administered by the nomination and remuneration committee, with grants based on predefined eligibility criteria. The company will receive the exercise price at the time of option exercise, along with any applicable perquisite tax. This grant underscores PB Fintech's strategy to align employee interests with long-term company performance.