Laxmi India Finance Grants 4,11,857 Stock Options to Employees Under ESOP Scheme-2023
Laxmi India Finance Limited granted 4,11,857 stock options to eligible employees under ESOP Scheme-2023, approved by the NRC on May 12, 2026, in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each option is convertible into one equity share with a face value of Rs. 5/-, with vesting between 1 and 4 years from the grant date and an exercise period not exceeding 5 years from vesting.
*this image is generated using AI for illustrative purposes only.
Laxmi India Finance Limited has announced the grant of 4,11,857 (Four Lakh Eleven Thousand Eight Hundred and Fifty Seven) stock options to eligible employees under its ESOP Scheme-2023. The grant was approved by the Nomination and Remuneration Committee (NRC) of the Board at its meeting held on Tuesday, May 12, 2026, which commenced at 04:00 P.M. and concluded at 06:00 P.M. The disclosure has been made pursuant to Regulation 30 & 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR), read with Schedule III and other applicable provisions.
Key Details of the Stock Option Grant
The stock options have been granted in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each stock option is convertible into one equity share of the company, with a face value of Rs. 5/-. The following table summarises the key parameters of the grant as disclosed under Regulation 30 of SEBI LODR:
| Parameter: | Details |
|---|---|
| Number of Options Granted: | 4,11,857 (Four Lakh Eleven Thousand Eight Hundred and Fifty Seven) |
| Scheme Name: | ESOP Scheme-2023 |
| Total Equity Shares Covered: | 4,11,857 (each option convertible into 1 equity share, face value Rs. 5/-) |
| SEBI Compliance: | SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 |
| Options Vested: | Not Applicable at this stage |
| Options Exercised: | Not Applicable at this stage |
| Subsequent Changes/Cancellation: | Not Applicable at this stage |
| Diluted EPS on Exercise: | Not Applicable at this stage |
Pricing and Exercise Terms
The exercise price per option is determined by the NRC in accordance with the provisions of the Companies Act, 2013 and SEBI SBEB and SE Regulations, and shall not be lower than the face value of the equity shares of the company on the date of grant. The specific exercise price is communicated to each option grantee through a Grant Letter issued at the time of the grant. The exercise period shall not exceed 5 (five) years from the date of respective vesting of options, with the exact exercise period also intimated to the option grantee through the grant letter.
Vesting Schedule and Eligibility Criteria
The options shall not vest earlier than a minimum period of 1 (one) year from the grant date and shall vest over a maximum of 4 (four) years from the grant date, at the discretion of and in the manner prescribed by the NRC, as set out in the grant letters. The appraisal process for determining eligible employees is based on the following criteria:
- Loyalty of the employee
- Performance of the employee
- Performance of the company
- Such other criteria as may be determined by the NRC
The ESOP Scheme-2023 is administered by the NRC, and the grant of options is based upon the eligibility criteria as mentioned in the scheme.
Regulatory Disclosure
The disclosure has been made in accordance with Regulation 30 & 51 read with Schedule III of SEBI LODR, Regulation 12 of SEBI SBEB & SE Regulations, 2021, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosure has also been hosted on the company's website at https://lifc.co.in/ . The intimation was signed by Sourabh Mishra, Company Secretary and Chief Compliance Officer (M.No-A51872), on behalf of Laxmi India Finance Limited (formerly known as Laxmi India Finance Private Limited).
Historical Stock Returns for Laxmi India Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.36% | -7.88% | +14.60% | -8.10% | -6.04% | -6.04% |
How might the vesting of 4,11,857 stock options over the next 4 years impact Laxmi India Finance's equity dilution and earnings per share for existing shareholders?
Could the ESOP Scheme-2023 grant signal Laxmi India Finance's plans for employee expansion or retention ahead of a potential business scaling or fundraising initiative?
How does Laxmi India Finance's ESOP grant size compare to industry peers in the NBFC sector, and what does it indicate about the company's competitive talent retention strategy?
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