SBI Life Insurance grants 8.94 lakh stock options under ESOS-2018

SBI Life Insurance has approved the grant of 8,94,910 stock options to eligible employees under its Employee Stock Option Scheme – 2018 (ESOS-2018). The decision was taken by the Board Nomination and Remuneration Committee during a meeting held on July 13, 2026. Each option granted will entitle the holder to one equity share of ₹10 upon exercise, aligning with the Securities and Exchange Board of India (SEBI) (Share Based Employees Benefits and Sweat Equity) Regulations, 2021.

The exercise price for these options will be determined based on the lower of the Fair Market Value (FMV) as on the grant date or the average FMV of the 15 trading days immediately preceding the grant date. This pricing mechanism ensures the options are issued at a fair valuation relative to market conditions.

Vesting and Exercise Schedule

The granted options follow a structured vesting schedule to incentivize long-term retention. Vesting will commence one year from the date of grant and will occur in three specific proportions over time.

Parameter	Details
Total Options Granted	8,94,910
Shares per Option	1 equity share of ₹10 each
Vesting Structure	30%-30%-40%
Vesting Commencement	1 year from grant date
Exercise Period	Within 7 years from grant date

The scheme is fully compliant with SEBI regulations, including Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No options have been exercised, lapsed, or varied in terms at this stage, as confirmed by the disclosure. The filing was signed by Girish Manik, Company Secretary.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.71%	-0.19%	+5.47%	-7.65%	+2.95%	+65.85%

SBI Life Insurance Company Ltd. recorded a notable block trade on the National Stock Exchange (NSE), with the transaction valued at ₹18.08 crores. Such block deals are typically executed outside the open market to minimize price impact and are often associated with institutional buying or selling activity.

Block Trade Details

The following table summarizes the key parameters of the block trade:

Parameter:	Details
Exchange:	NSE
Trade Value:	₹18.08 crores
Number of Shares:	~1,02,980
Trade Price:	₹1756.00 per share

Market Significance

Block trades involve the purchase or sale of a large number of securities in a single transaction and are a key indicator of institutional activity in a stock. The execution of a ₹18.08 crore block trade in SBI Life Insurance on the NSE, at a price of ₹1756.00 per share for approximately 1,02,980 shares, reflects significant transactional interest in the counter. Market participants often track such deals to gauge the sentiment of large institutional investors toward a particular security.