SBFC Finance Limited has successfully allotted 95,60,386 equity shares to its employees under various Employee Stock Option Plan (ESOP) schemes on 18th February, 2026. The allotment was executed following approval from the Stakeholders Relationship Committee and was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESOP Scheme Details and Share Distribution

The share allotment encompasses seven distinct ESOP schemes implemented between 2021 and 2023, each with different exercise prices reflecting the company's growth trajectory:

Impact on Share Capital Structure

The ESOP allotment has resulted in a significant expansion of the company's equity base. The issued and paid-up equity share capital has increased substantially:

Regulatory Compliance and Share Characteristics

All newly allotted equity shares carry the ISIN number INE423Y01016 and will be issued in dematerialized form. The shares rank pari-passu with existing equity shares of the company in all respects, ensuring equal rights and privileges for all shareholders. The company has filed the necessary disclosures with both BSE Limited and National Stock Exchange of India Limited as required under SEBI regulations.

Exercise Price Analysis

The exercise prices across different ESOP schemes reflect the company's stock performance over time. The 2021 schemes feature exercise prices ranging from ₹21.45 to ₹40 per share, while the 2023 schemes show higher exercise prices of ₹55 to ₹87.33 per share, indicating the company's stock appreciation during this period.

Administrative Details

The allotment documentation was signed by Namrata Sajnani, Company Secretary & Chief Compliance Officer (ICSI Membership No. F10030), on 19th February, 2026. The company has provided comprehensive details under Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, for each ESOP scheme to ensure full regulatory compliance and transparency.

SBFC Finance Limited's Board of Directors has approved a significant leadership restructuring, re-designating Managing Director and CEO Aseem Dhru as Executive Vice-Chairman for a five-year term. The decision was made during a board meeting held on February 3, 2026, based on recommendations from the Nomination and Remuneration Committee.

Leadership Transition Details

The re-designation comes as a modification to earlier announced changes. In January 2026, the company had intimated Dhru's resignation from the Managing Director and CEO position effective March 31, 2026, with his initial re-designation as Non-Executive Non-Independent Director and Vice-Chairman from April 1, 2026.

Board's Rationale

The Board noted that Dhru will continue to be actively involved in the company's affairs as it pursues its goal of becoming a market leader serving the small business segment in small towns across India. To appropriately reflect the nature and continuity of his involvement, the Board decided to modify his designation from Non-Executive to Executive Vice-Chairman.

Shareholder Approval Process

The company will seek shareholder approval through postal ballot in accordance with Sections 110 and other applicable provisions of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014. The cut-off date for ascertaining the list of members eligible to receive the postal ballot notice and for reckoning voting rights has been fixed as January 30, 2026.

Executive Profile

Aseem Dhru brings extensive experience to his new role, having been associated with SBFC Finance since September 28, 2017. He holds a bachelor's degree in commerce from Gujarat University and is a member of the Institute of Chartered Accountants of India, certified by the Institute of Cost and Works Accountants of India.

Regulatory Compliance

The board meeting commenced at 8.15 AM IST and concluded at 8.35 AM IST on February 3, 2026. All required disclosures under Regulation 30 of SEBI Listing Regulations have been made, and the intimation has been uploaded on the company's website. Dhru is not debarred from holding the office of Director by virtue of any order from SEBI or other authorities.

Strategic Vision

In his letter to the Board, Dhru emphasized SBFC Finance's mission to build an institution that delivers societal value with profits through market cycles. He highlighted the company's focus on strong governance, processes, and compliance culture, built over eight years as a foundation for sustainable business growth with robust credit and risk management frameworks.