Subject: Grant of stock options under Employee Stock Option Plan 2021
Reference: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
Pursuant to Regulation 30 of the SEBI Listing Regulations, this is to inform you that the Nomination and Remuneration Committee of the Board of Directors of the Company on 18 October 2022 granted 14,37,000 stock options under Employee Stock Option Plan 2021 ("ESOP 2021") -Tranche-8 to the eligible employees of the Company at an exercise price of Rs. 307.89/- each. These stock options shall vest as per the vesting schedule as mentioned in ESOP 2021.
The grant of the above stock options is in line with the provisions of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021 as amended from time to time.
You are requested to kindly take a note of the same.
Thanking you,
Yours faithfully,
For Poonawalla Fincorp Limited
(Formerly, Magma Fincorp Limited)
SHABNU M ZAMAN
Digitally signed by
SHABNUM ZAMAN Date: 2022.10.18 20:40:15 +05'30'
Shabnum Zaman
Company Secretary
ACS - 13918
Attachments
Original Link
Original Document
Permalink
Disclaimer
Poonawalla Fincorp Ltd. published this content on 18 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2022 01:52:00 UTC.
Poonawalla Fincorp Limited is an India-based non-banking finance company engaged primarily in the business of financing. The Company's financial services include pre-owned car finance, personal loans, loan to professionals, business loans, loan against property, supply chain finance, machinery loans, medical equipment loans and consumer loans. Its personal loans include unsecured personal loan, urgent personal loan, short term personal loan, personal loan for salaried employees and instant loan online. Its business loans include unsecured business loan, small business loans, business loan for women and business loan for working capital. Its other loans include pre-owned car loan, loan against property, medical equipment loan and auto lease. Its professional loan includes professional loan for chartered accountants (CA), professional loan for company secretaries (CS) and professional loan for doctors. The Company has widespread coverage across approximately 21 states.