HDFC Life Insurance Grants 10,000 Stock Options Under ESOP 2022 Scheme

HDFC Life Insurance Company Limited has announced the grant of stock options to employees under its Employee Stock Option Scheme 2022. The Nomination & Remuneration Committee of the Board approved this decision at its meeting held on March 08, 2026, as disclosed under Regulation 30 of SEBI listing requirements.

Stock Option Grant Details

The committee has granted 10,000 equity stock options with specific terms and conditions for employee benefit. Each option carries a face value of Rs. 10 and has been priced at the grant price of Rs. 668.55 per option.

Parameter	Details
Total Options Granted	10,000 equity stock options
Face Value	Rs. 10 per option
Grant Price	Rs. 668.55 per option
Conversion Ratio	One equity share per option
Scheme	Employee Stock Option Scheme 2022

Vesting Schedule and Timeline

The granted options follow a structured vesting schedule spread over multiple years. The vesting mechanism is designed to retain talent and align employee interests with company performance over the long term.

Vesting Date	Percentage of Options
3rd Anniversary from Grant Date	50% of Options Granted
4th Anniversary from Grant Date	50% of Options Granted

Exercise Period and Conditions

Once the options vest according to the specified schedule, employees will have a defined window to exercise their rights. The vested options must be exercised within a period of 5 years from the date of respective vesting. Any options not exercised within this timeframe will lapse automatically.

This stock option grant represents part of HDFC Life Insurance's ongoing employee retention and incentive strategy. The disclosure was made in compliance with SEBI regulations governing listed companies' obligation to inform stakeholders about material developments.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.44%	-5.15%	-17.01%	-20.24%	-9.34%	-8.52%

HDFC Life Insurance Company Limited has received confirmation of a significant GST order from the Deputy Commissioner of State Tax (Appeals), Maharashtra, on March 6, 2026. This development follows an earlier GST order that was initially disclosed by the company in August 2024.

GST Order Details

The Deputy Commissioner's order confirms the total tax demand that was originally raised by the Assistant Commissioner of State Tax (INV-6), Investigation-A, Mumbai, Maharashtra on August 30, 2024. The order pertains to the assessment period from April 1, 2019 to March 31, 2020.

Parameter:	Amount
Tax Demand:	Rs 104.79 crore
Interest:	Rs 94.31 crore
Penalty:	Nil
Total Demand:	Rs 199.10 crore

Company's Response and Next Steps

HDFC Life has indicated that the confirmed GST order will have no adverse material impact on the company's financial operations. The insurance company plans to challenge this decision by filing an appeal before the GST Appellate Tribunal, continuing its legal contest against the tax demand.

Regulatory Compliance

The company has made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the initial intimation filed by the company on August 31, 2024, when the original GST order was first received from the Assistant Commissioner of State Tax.

Timeline of Events

The GST matter has been ongoing since the original assessment period of April 2019 to March 2020. The Assistant Commissioner initially issued the order in August 2024, which the company subsequently disclosed to the stock exchanges. The recent confirmation from the Deputy Commissioner represents the next stage in the appellate process, with the company now preparing to escalate the matter to the GST Appellate Tribunal.