SBI Life Allots 68,993 Equity Shares Under ESOP Scheme 2018

Mumbai: SBI Life Insurance Company Ltd., a leading private life insurer in India, has announced the allotment of 68,993 equity shares of ₹10 each following the exercise of vested stock options under its Employee Stock Option Scheme (ESOP) 2018.

The disclosure was made to both the National Stock Exchange of India Limited and BSE Limited in compliance with regulatory requirements.

Key Highlights of the Announcement

• Company: SBI Life Insurance Company Ltd

• Date of allotment: 16 June 2026

• Equity shares allotted: 68,993 shares

• Face value: ₹10 per share

• Scheme: SBI Life Employee Stock Option Scheme 2018

• Paid-up capital post allotment: ₹10,03,24,05,340

What the ESOP Allotment Means

The allotment was made after employees exercised their vested stock options under the company’s long-running ESOP framework. Such schemes are typically designed to:

• Retain and reward key employees

• Align employee interests with company performance

• Encourage long-term participation in company growth

Impact on Share Capital

Following this allotment:

• SBI Life’s total equity share capital has increased marginally

• Total outstanding equity shares now stand at 100,32,40,534 shares

• The dilution impact remains minimal due to the relatively small size of allotment

About SBI Life Insurance

SBI Life Insurance Company Ltd is one of India’s leading private life insurance companies, offering a wide range of protection and savings products across retail and corporate segments.

The company regularly uses ESOP schemes to incentivize employees and strengthen long-term organizational performance.