SBI Cards and Payment Services Limited Allots 5,138 Equity Shares Under ESOP Plans

SBI Cards and Payment Services Limited has completed the allotment of 5,138 equity shares to eligible employees following the exercise of options under its Employee Stock Option Plans. The Nomination and Remuneration Committee of the Board approved the allotment through its resolution dated April 28, 2026.

ESOP Plan Details

The allotment was divided between two ESOP plans. Under the SBI Card - Employee Stock Option Plan 2019 (ESOP Plan 2019), the company allotted 2,000 equity shares with a face value of Rs. 10 each at an exercise price of Rs. 152.10 per share. Additionally, under the SBI Card - Employee Stock Option Plan 2023 (ESOP Plan 2023), 3,138 equity shares with a face value of Rs. 10 each were allotted at an exercise price of Rs. 10 per share.

ESOP Plan	Shares Allotted	Face Value	Exercise Price
ESOP Plan 2019	2,000	Rs. 10	Rs. 152.10
ESOP Plan 2023	3,138	Rs. 10	Rs. 10

Capital Structure Update

Following the allotment, the company's paid-up capital has increased. The paid-up capital now stands at Rs. 9,51,60,53,890, comprising 95,16,05,389 equity shares of face value Rs. 10 each. This represents an increase from the previous paid-up capital of Rs. 9,51,60,02,510, which consisted of 95,16,00,251 equity shares of face value Rs. 10 each.

The intimation regarding this allotment has been uploaded on the company's official website at www.sbicard.com . The event was recorded on April 28, 2026, at around 11:59 PM, as confirmed by Payal Mittal Chhabra, Chief Compliance Officer and Company Secretary of SBI Cards and Payment Services Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.63%	+0.69%	-8.15%	-28.22%	-28.80%	-42.21%

SBI Cards management has shared its outlook on credit costs during a recent conference call, providing insights into the company's expectations for FY27. The guidance reflects the company's assessment of various external factors that could influence its credit performance in the coming fiscal year.

Credit Cost Outlook for FY27

The company's management indicated that credit costs are expected to moderate further in FY27, suggesting an improvement from current levels. This projection indicates the company's confidence in its credit management strategies and the potential for enhanced asset quality performance.

Key Factors Influencing Moderation Rate

The pace of credit cost moderation will not be uniform and will depend on several critical factors:

Geopolitical landscape developments and their broader implications
Macroeconomic factor fluctuations resulting from global uncertainties
Impact on the unsecured lending ecosystem as a whole

Management's Cautious Approach

The guidance reflects a measured approach by SBI Cards management, acknowledging that while improvement is expected, the extent and timing will be influenced by external variables beyond the company's direct control. The emphasis on geopolitical factors suggests management is closely monitoring global developments that could affect India's economic environment and, consequently, the credit card industry's performance.

This forward-looking guidance provides stakeholders with insight into the company's risk assessment framework and its approach to navigating potential challenges in the unsecured lending space.