SSShare India Securities540725Scheme of arrangement

Board approves allotment of 44.02 lakh shares and grant of ~3.81 lakh ESOS-II options

44.02 lakh equity shares of face value Rs. 2/- each allotted under the Scheme of Amalgamation of Silverleaf Capital Services with the company.

By ScoutQuest · Wed 4 Nov 2026, 6:53 PM IST · 2 min read

Shares allotted under Scheme of Amalgamation

44.02 lakh equity shares of face value Rs. 2/- each

ESOS-II options granted

~3.81 lakh employee stock options at Rs. 2/- per option

Options already vested

1,41,500

Two approvals, one date

The Board of Directors, by a resolution passed through circulation on November 04, 2026, approved an allotment of equity shares. The Nomination and Remuneration Committee (NRC), by a separate resolution the same day, approved a grant of employee stock options. Both actions flow from the Scheme of Amalgamation of Silverleaf Capital Services Private Limited with Share India Securities Limited.

Share allotment

• 44.02 lakh fully paid-up equity shares were allotted, each of face value of Rs. 2/-.
• The shares are allotted pursuant to the Scheme of Amalgamation, so they go to the shareholders and creditors of the amalgamating company as per the Scheme, not to public investors as a fresh fund-raising.
• All the shares allotted carry the same face value of Rs. 2/- each.

Employee stock options

• The NRC approved the grant of ~3.81 lakh employee stock options under the Share India Employees Stock Option Scheme-II (ESOS-II).
• These options go to eligible employees of erstwhile Silverleaf Capital Services Private Limited, who are now employees of Share India Securities Limited, again pursuant to the Scheme of Amalgamation.
• Each of the ~3.81 lakh options, upon vesting, is exercisable into 1 equity share of face value of Rs. 2/- each.
• The exercise price is Rs. 2/- per option. No amount is payable by the employee at the time of accepting the grant or at vesting; the Rs. 2/- per option is paid at the time of exercise, along with taxes.
• 1,41,500 of these options have already vested. The vesting period already completed under the erstwhile Silverleaf ESOS has been taken into account for deciding vesting status under ESOS-II.
• The exercise period starts from the date of vesting and ends not later than 1 year from the last Vesting Date.
• Options exercised so far: Not Applicable. Money realised by exercise of options: Not Applicable. Options lapsed: NIL.

What changes for the shareholder

The allotment adds 44.02 lakh new equity shares to the company's share capital, issued to those who held shares in the merged entity. The option grant does not add shares immediately: shares arise only when employees exercise the options, and the update records that options are yet to be exercised. If exercised, the ~3.81 lakh options would translate into an equal number of equity shares of face value Rs. 2/- each.

The shareholding pattern and the equity share capital will therefore reflect the merger-related issuance, and any future exercise of the granted options would be an additional, later step.

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