Oracle Financial Services Software Limited (NSE: OFSS, BSE: 532466) announced on June 18, 2025, a key corporate development concerning its equity structure. The company's ESOP Allotment Committee of the Board of Directors has formally approved the allotment of 3,811 equity shares. These shares, each carrying a face value of ₹5, have been issued to eligible employees of the company who exercised their stock options under the OFSS Stock Plan 2014. This allotment has resulted in an increase in the company's paid-up share capital.
| Particulars | Details |
|---|---|
| Company | Oracle Financial Services Software Limited |
| Stock Exchanges Notified | National Stock Exchange of India Limited (NSE), BSE Ltd. |
| NSE Scrip Code | OFSS |
| BSE Scrip Code | 532466 (OFSS) |
| Event | Allotment of Equity Shares under Employee Stock Option Plan (ESOP) |
| Date of Allotment Approval | June 18, 2025 |
| Approving Body | ESOP Allotment Committee of the Board of Directors |
| ESOP Plan Name | OFSS Stock Plan 2014 |
| Number of Equity Shares Allotted | 3,811 |
| Face Value per Share | ₹5.00 |
| Recipients of Allotment | Eligible employees of the Company |
| Shares Allotted to Directors | Nil |
| Post-Allotment Paid-up Share Capital | ₹434,503,685 |
| Post-Allotment Total Equity Shares | 86,900,737 (each with face value of ₹5) |
| Ranking of New Shares | Pari passu with existing equity shares in all respects |
Detailed Analysis of the Allotment
In a formal communication issued on June 18, 2025, Oracle Financial Services Software Limited provided details regarding the recent decision made by its ESOP Allotment Committee. This committee, operating under the authority of the company's Board of Directors, convened on the same day, June 18, 2025, to approve the said allotment. The core of the decision involves the issuance of 3,811 new equity shares.
Each of these newly allotted shares has a face value of ₹5. The beneficiaries of this allotment are eligible employees of Oracle Financial Services Software Limited. These employees received the shares as a result of exercising their vested stock options, which were granted to them under the company's existing employee compensation scheme, specifically the 'OFSS Stock Plan 2014'. This plan is designed to incentivize and retain talent within the organization by offering them a stake in the company's ownership.
Impact on Capital Structure
The allotment of these 3,811 equity shares has a direct and immediate impact on the capital structure of Oracle Financial Services Software Limited. With this fresh issuance, the paid-up share capital of the company has increased. The new, enhanced paid-up capital figure now stands at ₹434,503,685 (Rupees Forty-Three Crore Forty-Five Lakh Three Thousand Six Hundred Eighty-Five).
Consequently, the total number of issued and outstanding equity shares of the company has also risen. The company's equity base is now composed of 86,900,737 (Eight Crore Sixty-Nine Lakh Seven Hundred Thirty-Seven) equity shares. Each of these shares continues to hold a face value of ₹5. This expansion, though modest in relation to the total equity base, reflects the ongoing execution of the company's employee stock option programs.
Additional Context and Shareholder Information
Oracle Financial Services Software Limited has explicitly stated that the 3,811 equity shares allotted through this process will rank pari passu with the company's existing equity shares. This 'pari passu' status signifies that the new shares will carry identical rights and privileges as the shares that were already in circulation prior to this allotment. This includes, but is not limited to, rights related to dividend distribution, voting at shareholder meetings, and any potential distribution of assets.
A noteworthy clarification provided by the company in its announcement is that, within this particular allotment, no shares were issued to any Directors of the Company. This confirms that the current exercise of options and subsequent share allotment under the OFSS Stock Plan 2014 was exclusively for eligible employees who are not serving on the company's Board of Directors, thereby maintaining a distinction between employee compensation and director remuneration through this specific ESOP mechanism.
The OFSS Stock Plan 2014, under which these options were exercised, is a strategic tool employed by the company. Such plans are widely used in the corporate world to foster a sense of ownership among employees, align their interests more closely with those of the shareholders, and serve as a component of the overall compensation and retention strategy for key personnel.
Furthermore, in adherence to principles of corporate transparency and regulatory compliance, Oracle Financial Services Software Limited has confirmed that the details of this share allotment will be published on the company's official website. This step ensures that all stakeholders, including shareholders, potential investors, and the general public, have ready access to this information concerning changes in the company's equity structure.
Market Notification and Regulatory Compliance
This significant corporate action, pertaining to the allotment of new equity shares, has been formally communicated to the relevant regulatory authorities and stock exchanges. Oracle Financial Services Software Limited has diligently filed the requisite intimations detailing this allotment with both the National Stock Exchange of India Limited (NSE) and BSE Ltd. (formerly known as the Bombay Stock Exchange).
The company's shares are actively traded on these exchanges, identified by the scrip code 'OFSS' on the National Stock Exchange and '532466' (with the symbol also being OFSS) on BSE Ltd. The official notification to the exchanges was dated June 18, 2025, coinciding with the date of the allotment approval. This communication was specifically addressed to the Assistant Vice President, Listing & Compliance, National Stock Exchange of India Limited, located at Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051, and to the Assistant General Manager, Listing & Compliance, BSE Ltd., whose office is at 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001.
The intimation was made on behalf of Oracle Financial Services Software Limited by Mr. Onkarnath Banerjee, who holds the positions of Company Secretary & Compliance Officer, with Membership No. ACS8547. This act of notifying the exchanges is a crucial part of the company's compliance with listing obligations and securities laws, ensuring that the market remains fully informed of material events that could influence investment decisions or the company's valuation. Such routine allotments under ESOPs are standard corporate practice and contribute to the dynamic nature of a company's share capital.
The registered office of Oracle Financial Services Software Limited is located at Oracle Park, Off Western Express Highway, Goregaon (East), Mumbai, Maharashtra 400063, India. The company's Corporate Identification Number (CIN) is L72200MH1989PLC053666.
