SBI Cards and Payment Services Limited Allots 5,530 Shares Under ESOP Schemes
Mumbai: SBI Cards and Payment Services Limited (SBICARD) has approved the allotment of 5,530 equity shares pursuant to the exercise of employee stock options under its ESOP schemes, according to a regulatory filing on Sunday.
The allotment was approved by the Nomination and Remuneration Committee of the Board on March 22, 2026.
ESOP Allotment Details
The company issued shares under two schemes:
- 3,350 equity shares under ESOP Scheme 2019 at an exercise price of ₹152.10 per share
- 2,180 equity shares under ESOP Scheme 2023 at an exercise price of ₹10 per share
All shares have a face value of ₹10 each and were allotted to eligible employees who exercised their stock options.
Impact on Share Capital
Following the allotment, the company’s paid-up equity share capital increased from ₹9,51,59,47,210 to ₹9,51,60,02,510.
The total number of equity shares has risen from 95,15,94,721 to 95,16,00,251.
Regulatory Compliance
The company disclosed the development to stock exchanges under applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The update has also been made available on the company’s official website.