PB Fintech Limited has announced the grant of 18,782 stock options to an eligible employee of its subsidiary company under the PB Fintech Employees Stock Option Plan 2021 (ESOP 2021). The company's Nomination and Remuneration Committee (NRC) approved this grant through a circular resolution passed on December 12, 2025.

Grant Details and Structure

The stock option grant covers 18,782 equity shares of face value ₹2.00 each, with each option convertible into one equity share of the company upon exercise. The company has clarified that no Key Managerial Personnel (KMPs) of PB Fintech or its subsidiaries were included in this specific grant approved by the NRC.

Pricing and Exercise Terms

The exercise price has been set at ₹1,597.24 per option, calculated at a 10% discount to the volume weighted average price of the last three months immediately preceding the effective date of grant (December 11, 2025) on the stock exchange with the highest trading volume. Upon exercise, the company will receive both the exercise price and an amount equivalent to the perquisite tax payable in accordance with the Income Tax Act, 1961.

Vesting and Exercise Schedule

The stock options follow a structured vesting schedule spread over five years:

Vested options remain exercisable for five years from their respective vesting dates. The vesting is subject to continued employment with the company or its subsidiaries, with a minimum employment period of one year from the grant date.

Plan Administration and Compliance

The ESOP 2021 plan is administered by the Nomination and Remuneration Committee and operates in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The grant follows eligibility criteria outlined in the plan, and vesting may also be subject to the company achieving specific valuation targets as detailed in individual grant letters.

Employees can exercise their vested stock options through written application to the company along with payment of the exercise price. This disclosure has been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the information will be hosted on the company's website at www.pbfintech.in .

MacRitchie Investments Pte. Ltd., a Singapore-based entity, has made a significant move in the Indian fintech sector by acquiring a substantial stake in PB Fintech Limited. This development comes as part of a broader corporate restructuring involving PB Fintech and Makesense Technologies Limited.

Key Details of the Acquisition

Implications of the Deal

This acquisition marks MacRitchie Investments' first disclosed position in PB Fintech, a prominent player in India's burgeoning fintech landscape. The transaction was executed through an allotment of shares, resulting from the amalgamation of Makesense Technologies Limited with PB Fintech Limited.

Corporate Restructuring

The amalgamation scheme that facilitated this stake acquisition is a significant corporate action. It suggests a strategic realignment within PB Fintech's corporate structure, potentially aimed at streamlining operations or consolidating resources.

Market Implications

This substantial investment by a foreign entity could be viewed as a vote of confidence in PB Fintech's business model and growth prospects. It may also signal increased international interest in India's fintech sector.

Regulatory Considerations

As this transaction involves a significant stake acquisition, it is likely to have undergone scrutiny from relevant regulatory bodies. Investors and market watchers will be keen to observe any subsequent regulatory filings or disclosures from PB Fintech regarding this development.

The entry of MacRitchie Investments as a substantial shareholder could potentially influence PB Fintech's future strategic decisions and corporate governance. Stakeholders will be watching closely to see if this new investment leads to any changes in the company's board composition or business strategy in the coming months.