Board approves issue of ~49.01 lakh equity shares to BFL Employee Welfare Trust
Board of Bajaj Finance Ltd met on 19 October 2026 and approved issue of ~49.01 lakh equity shares.
By ScoutQuest · · 1 min read
- Shares to be issued
- ~49.01 lakh equity shares
- Face value per share
- Re. 1
- Scheme
- BFL Employee Stock Option Scheme, 2009
What the board approved
The Board of Directors of Bajaj Finance Ltd, at its meeting held on 19 October 2026, approved the issue of ~49.01 lakh equity shares of face value Re. 1 each.
- The shares are being issued to the Trustees of BFL Employee Welfare Trust.
- The issuance is under the BFL Employee Stock Option Scheme, 2009.
- The shares are to be issued at the respective grant prices.
- The meeting commenced at 16:15 Hours IST and concluded at 17:32 Hours IST.
How to read this
An employee welfare trust is the entity that holds shares for a company's employee stock option programme. Shares issued to it are meant to be used for the scheme, so this is an employee-benefit related issuance rather than a fund-raising round from outside investors.
Two figures are often confused here. Re. 1 is the face value of each share, not the price at which the shares are issued. The update states the shares are issued at the respective grant prices.
What changes
A trust receiving shares under an employee stock option scheme takes the total number of equity shares in existence higher. The update states the number of shares being issued (49,00,737) and their face value (Re. 1); it does not state the total issued share capital after this allotment.
This is a disclosure of a board decision. The update records the approval and the number of shares, and asks the exchanges to take it on record.
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More numbers
- Equity shares approved for issue49,00,737
- Face value per equity shareRe. 1
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