Five-Star Business Finance Ltd. Allots Shares Under Employee Stock Option Scheme
Five-Star Business Finance Limited announced the allotment of 2,99,110 equity shares on March 25, 2026, following the exercise of stock options under the Five-Star Associate Stock Option Scheme, 2018.The allotment has increased the company’s paid-up share capital from INR 29,48,76,168 consisting of 29,48,76,168 equity shares to INR 29,51,75,278 consisting of 29,51,75,278 equity shares. The newly allotted shares will rank pari-passu with existing equity shares. The company is completing the formalities for the listing of these shares.
The exercise of options resulted in a realization of INR 1,90,68,410.
Details of the options granted, including the exercise price, vesting period, and other terms, are as follows:
| Detail | Value 1 | Value 2 |
|---|---|---|
| Total number of shares covered by these options | 2,99,110 Equity shares | 2,99,110 Equity shares |
| Exercise Price per option | Determined by the Nomination & Remuneration Committee, not less than the face value. | Determined by the Nomination & Remuneration Committee, not less than the face value. |
| Exercise Period | Commences from the date of Vesting and expires not later than 60 calendar months from the relevant Vesting date | Commences from the date of Vesting and expires not later than 60 calendar months from the relevant Vesting date |
| Options exercised | 2,99,110 options | 2,99,110 options |
| Diluted Earnings Per Share (EPS) | Basic EPS - INR 28.17 | Basic EPS - INR 28.17 |
The Five-Star Associate Stock Option Scheme 2018 was instituted prior to the company’s IPO and has been amended in line with the SEBI (SBEB) Regulations 2021. It received in-principal approval from the National Stock Exchange and Bombay Stock Exchange and was ratified by shareholders in September 2023.
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