Fedbank Financial Services Limited (FEDFINA) has announced the allotment of 13,125 equity shares with a face value of ₹10 each, following the exercise of vested stock options by its employees. This allotment, approved by the Committee of Directors (Operations) on July 09, 2025, falls under the 'Fedbank Financial Services Limited - Employees Stock Option Scheme, 2018'. The move has resulted in an increase in the company's paid-up share capital.
On July 09, 2025, Fedbank Financial Services Limited completed the allotment of 13,125 new equity shares. These shares were issued to employees who exercised their vested stock options under the company's 'Employees Stock Option Scheme, 2018'. Each of these newly allotted shares carries a face value of ₹10. The decision for this allotment was made by the majority of the Members of the Committee of Directors (Operations), underscoring the company's commitment to its employee incentive programs. Employee Stock Option Schemes (ESOPs) are a common corporate practice designed to align the interests of employees with those of the shareholders by providing them with an opportunity to own a part of the company. This serves as a long-term incentive, fostering employee retention and motivation.
The allotment of these 13,125 equity shares has led to a marginal but notable increase in the company's paid-up share capital. Prior to this allotment, the company's paid-up share capital stood at ₹3,73,07,73,720, comprising 37,30,77,372 equity shares. Following the issuance of the new shares, the paid-up share capital has increased to ₹3,73,09,04,970, now consisting of 37,30,90,497 equity shares. This change reflects the expansion of the company's equity base as a direct result of employees exercising their stock options. While the increase in the number of shares is relatively small compared to the total outstanding shares, it signifies the ongoing operational activities related to employee benefit schemes.
Fedbank Financial Services has confirmed that the newly allotted shares will rank pari-passu with the existing equity shares of the company. This means that the new shares will have equal rights and privileges as the shares already listed and traded, including voting rights and eligibility for dividends, if declared. This ensures that the rights of existing shareholders are not diluted in terms of the quality of their holdings, even as the total number of shares increases. The company has made this intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory compliance ensures transparency and timely disclosure of material events to the stock exchanges and the public, maintaining good corporate governance standards.
The company is currently in the process of completing the necessary formalities for the listing of these newly allotted shares on the stock exchanges. This is a standard procedure to ensure that the shares issued under the ESOP scheme become freely tradable on the market, providing liquidity to the employees who have exercised their options. The successful completion of the listing process will integrate these new shares into the company's total listed equity, reflecting the updated share capital structure on the exchanges. This step is crucial for the full realization of the benefits of the ESOP scheme for the employees and for maintaining an accurate public record of the company's shareholding.
| Particulars | Details |
|---|---|
| Company Name | Fedbank Financial Services Limited |
| Date of Allotment | July 09, 2025 |
| Number of Equity Shares Allotted | 13,125 |
| Face Value per Share | ₹10 |
| Scheme Under Which Allotted | Fedbank Financial Services Limited - Employees Stock Option Scheme, 2018 |
| Paid-up Share Capital (Before Allotment) | ₹3,73,07,73,720 (37,30,77,372 equity shares) |
| Paid-up Share Capital (After Allotment) | ₹3,73,09,04,970 (37,30,90,497 equity shares) |
Action Details
On July 09, 2025, Fedbank Financial Services Limited completed the allotment of 13,125 new equity shares. These shares were issued to employees who exercised their vested stock options under the company's 'Employees Stock Option Scheme, 2018'. Each of these newly allotted shares carries a face value of ₹10. The decision for this allotment was made by the majority of the Members of the Committee of Directors (Operations), underscoring the company's commitment to its employee incentive programs. Employee Stock Option Schemes (ESOPs) are a common corporate practice designed to align the interests of employees with those of the shareholders by providing them with an opportunity to own a part of the company. This serves as a long-term incentive, fostering employee retention and motivation.
Impact on Share Capital
The allotment of these 13,125 equity shares has led to a marginal but notable increase in the company's paid-up share capital. Prior to this allotment, the company's paid-up share capital stood at ₹3,73,07,73,720, comprising 37,30,77,372 equity shares. Following the issuance of the new shares, the paid-up share capital has increased to ₹3,73,09,04,970, now consisting of 37,30,90,497 equity shares. This change reflects the expansion of the company's equity base as a direct result of employees exercising their stock options. While the increase in the number of shares is relatively small compared to the total outstanding shares, it signifies the ongoing operational activities related to employee benefit schemes.
Shareholder Impact and Regulatory Compliance
Fedbank Financial Services has confirmed that the newly allotted shares will rank pari-passu with the existing equity shares of the company. This means that the new shares will have equal rights and privileges as the shares already listed and traded, including voting rights and eligibility for dividends, if declared. This ensures that the rights of existing shareholders are not diluted in terms of the quality of their holdings, even as the total number of shares increases. The company has made this intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory compliance ensures transparency and timely disclosure of material events to the stock exchanges and the public, maintaining good corporate governance standards.
Next Steps
The company is currently in the process of completing the necessary formalities for the listing of these newly allotted shares on the stock exchanges. This is a standard procedure to ensure that the shares issued under the ESOP scheme become freely tradable on the market, providing liquidity to the employees who have exercised their options. The successful completion of the listing process will integrate these new shares into the company's total listed equity, reflecting the updated share capital structure on the exchanges. This step is crucial for the full realization of the benefits of the ESOP scheme for the employees and for maintaining an accurate public record of the company's shareholding.
