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SBFC Finance LimitedImportant, 02-01-2025: Updates

02-01-2025 | 07:19 pm

SBFC Finance Limited has completed the allotment of 1,404,628 equity shares under various employee stock option schemes. This includes the SBFC Stock Option Policies 2021 II, III, IV, V, and 2023 - I, with exercise prices varying from ₹21.45 to ₹55. The newly allotted shares will increase the company's paid-up equity share capital to ₹10,841,532,590, representing an increase from ₹10,827,486,310. Additionally, 133,250 options were exercised under the SBFC Stock Option Policy 2021 I, leading to the transfer of shares from the SBFC Employee Welfare Trust to eligible employees. This strategic move aims to enhance employee engagement and retention, positioning the company favorably for future growth opportunities. Investors should watch closely for any further implications this may have on the company's operational performance and share performance.

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