SBFC Finance Limited , a player in the Indian financial services sector, has taken a step towards enhancing employee ownership and engagement. The company has announced the allotment of 6,23,607 equity shares to its employees under five different employee stock option schemes (ESOP).

Detailed Breakdown of Share Allotment

The allotment spans across various ESOP policies implemented by SBFC Finance. The exercise prices for these shares range from Rs.40 to Rs.87.33 per share.

Impact on Share Capital

This move has led to an increase in SBFC Finance's issued and paid-up equity share capital. The company's share capital has risen from Rs.10,95,84,88,180 to Rs.10,96,47,24,250. All newly allotted shares carry a face value of Rs.10 each.

Implications for Employees and the Company

By implementing these ESOP schemes, SBFC Finance aims to align employee interests with those of the company and its shareholders. This initiative may potentially impact employee morale, productivity, and loyalty.

Market Implications

The newly allotted shares will rank pari-passu with the existing equity shares of the company in all respects.

This move by SBFC Finance underscores its focus on human capital as part of its business strategy.

SBFC Finance Limited , a leading non-banking financial company (NBFC), has successfully completed its postal ballot process with shareholders overwhelmingly approving the new stock option policy. The company announced the voting results on December 15, marking a significant milestone in its employee incentive strategy and corporate governance.

Postal Ballot Results

The shareholders have approved the 'SBFC Stock Option Policy 2025 – I' through remote e-voting with an overwhelming majority. The postal ballot process concluded on December 14, with the scrutinizer's report published on December 15.

The voting was conducted entirely through remote e-voting facility provided by KFin Technologies Limited, with Ms. Jigyasa N. Ved of Parikh Associates serving as the scrutinizer for the voting process.

Stock Option Policy Details

The approved policy creates a pool of 1.21 crore employee stock options, designed to attract and retain top talent within the organization. The exercise price for these options will be determined based on the average closing price of the company's shares over the five trading days preceding the grant date.

Leadership Transitions

SBFC Finance has experienced significant changes in its leadership team during this period:

New Chief Credit Officer Profile

Mr. Sreenivas Mylavarapu brings extensive experience to SBFC Finance with over 29 years in banking across retail, MSME, agriculture, and microfinance segments. He previously served as General Manager & Business Head for Retail, Agri, and MSME Advances at Karnataka Bank Ltd., and held senior roles at Aditya Birla Housing Finance, Kotak Mahindra Bank, IDBI Bank, and State Bank of Hyderabad.

Recent Financial Performance

The company's strong financial metrics support these strategic initiatives:

Regulatory Compliance

The postal ballot was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, and Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The process also adhered to Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The overwhelming shareholder approval of the stock option policy, combined with strategic leadership appointments and strong financial performance, positions SBFC Finance for continued growth in the competitive NBFC landscape. The company's commitment to employee incentivization through equity participation demonstrates its focus on talent retention and organizational development.