SBI Cards and Payment Services has allotted 5,530 equity shares to eligible employees under its Employee Stock Option Plans (ESOPs), following approval from its Nomination and Remuneration Committee on 22 March, 2026. The move reflects the company’s continued focus on employee participation in long-term value creation.
The allotment was executed under two separate schemes. Around 3,350 shares were issued under the 2019 ESOP plan at an exercise price of Rs 152.10 per share. In comparison, 2,180 shares were granted under the 2023 scheme at a much lower exercise price of Rs 10 per share. The difference in pricing highlights variations in scheme design and timing.
Following the issuance, the company’s paid-up share capital saw a slight increase, rising to Rs 9,51,60,02,510. The total number of outstanding equity shares also edged higher, crossing 95.16 crore shares.
The company has completed all required regulatory filings, informing stock exchanges and publishing details on its official platform. The disclosure was authorised by its compliance leadership, ensuring adherence to governance norms.
Separately, SBI Cards recently held an investor interaction in collaboration with Morgan Stanley. The session saw participation from over 40 institutional investors, including global and domestic funds, reflecting sustained engagement with the investment community.
The ESOP allotment, though small in scale, signals the company’s structured approach to rewarding employees while maintaining transparency in its corporate processes.
