Committee approves grant of 7,00,000 stock options under ESOP Scheme 2008
IIFL Finance: The Nomination and Remuneration Committee approved grant of 7,00,000 stock options to identified employee(s) under the Employee Stock Option Scheme 2008.
By ScoutQuest · · 2 min read
- Stock options granted
- 7,00,000 stock options
- Conversion ratio
- Each option converts into one fully paid-up equity share
- Minimum vesting period
- 1 year from the date of grant
What was approved
- The Nomination and Remuneration Committee of the board, at its meeting held on October 15, 2026, approved the grant of 7,00,000 stock options to identified employee(s).
- The grant is made under the company's Employee Stock Option Scheme 2008.
- Each stock option is convertible into one fully paid-up equity share of the company.
What the terms say
- All the stock options granted have a vesting period of a minimum of 1 year from the date of grant.
- The options vest as per the vesting schedule and at the price specified in the respective grant letter(s).
- The scheme is in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended from time to time.
How to read an ESOP grant
An employee stock option gives an employee the right to receive equity shares of the company on the terms set out in the grant. The number of options and the conversion ratio tell you how many shares could come into being if the options are exercised, and the vesting period tells you the minimum wait before that can happen.
- Options granted: 7,00,000
- Shares each option can convert into: one fully paid-up equity share
- Minimum vesting period: 1 year from the date of grant
- Vesting schedule and price: as specified in the respective grant letter(s)
What this update tells you, and what it does not
The update identifies the scheme, the number of options granted, the conversion ratio and the minimum vesting period. The exercise price and the specific vesting dates sit in the individual grant letters issued to the employees who received the options.
The grant is a decision taken by the committee at its meeting, and the company has informed the exchanges of it. Questions a reader may keep in mind are how the options are priced and how they vest over time, since those are the terms on which the shares would eventually be issued.
Also from IIFL Finance
Q2 FY27 call: AUM INR1,24,268 crores, PAT INR805 crores, about 90% secured
23 Oct 2026
IIFL Finance MD Sanjay Sharma discussed a strong quarter with stable asset quality and rising AUM, expecting continued margin and credit cost improvement
22 Oct 2026
IIFL Finance schedules Debt Investor Call group meeting for October 27, 2026
21 Oct 2026
More numbers
- Stock options granted7,00,000 stock options
- Minimum vesting period from date of grant1 (One) year
- Equity shares each stock option is convertible intoone Fully Paid-up Equity Share
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.