October 18, 2022

BSE Limited

National Stock Exchange of India Limited

Corporate Relationship Department

The Listing Department,

25th Floor, Phiroze Jeejeebhoy Towers,

Exchange Plaza,

Dalal Street, Fort,

Bandra- Kurla Complex, Bandra (East),

Mumbai - 400 001.

Mumbai - 400 051.

BSE Scrip Code: 524000

NSE Symbol: POONAWALLA

Dear Sir / Madam,

Subject: Grant of stock options under Employee Stock Option Plan 2021

Reference: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")

Pursuant to Regulation 30 of the SEBI Listing Regulations, this is to inform you that the Nomination and Remuneration Committee of the Board of Directors of the Company on 18 October 2022 granted 14,37,000 stock options under Employee Stock Option Plan 2021 ("ESOP 2021") -Tranche-8 to the eligible employees of the Company at an exercise price of Rs. 307.89/- each. These stock options shall vest as per the vesting schedule as mentioned in ESOP 2021.

The grant of the above stock options is in line with the provisions of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021 as amended from time to time.

You are requested to kindly take a note of the same.

Thanking you,

Yours faithfully,

For Poonawalla Fincorp Limited

(Formerly, Magma Fincorp Limited)

SHABNU M ZAMAN

Digitally signed by

SHABNUM ZAMAN Date: 2022.10.18 20:40:15 +05'30'

Shabnum Zaman

Company Secretary

ACS - 13918

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Poonawalla Fincorp Ltd. published this content on 18 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2022 01:52:00 UTC.