Transwarranty Finance Limited Approves ESOP Grant and Increases Authorized Share Capital
The Board of Directors of Transwarranty Finance Limited approved key corporate actions, including the grant of stock options to eligible employees and the increase in the Authorized Share Capital, during a meeting held on August 25, 2026.The Nomination Remuneration and Compensation Committee, along with the Board, sanctioned the grant of Stock Options to eligible employees under the Employee Stock Option Scheme 2019 (ESOP Scheme 2019).
Furthermore, the company decided to increase its Authorized Share Capital. The Authorized Share Capital was raised from Rs. 61,00,00,000, which was comprised of 61,00,000 Equity Shares of face value Rs. 10 each, to Rs. 65,00,00,000, which will be divided into 65,00,000 Equity Shares of face value Rs. 10 each. This capital alteration is subject to shareholder approval at the forthcoming Annual General Meeting.
ESOP Scheme Details and Exercise Results
Details concerning the ESOP Scheme 2019 and the exercise of options are summarized below:| Particulars | Detail |
|---|---|
| Options Granted (under ESOP 2019) | 2,96,040 options to eligible employees of the Company and its subsidiaries |
| Options Exercised | 14,41,657 Equity Shares |
| Money Realized by Exercise | Rs. 1,44,16,570 |
| New Paid up Share Capital Arising from Exercise | 55,116,194 |
| Option Vesting Period | As specified in the 'Transwarranty ESOP Plan' 2019 |
| Option Exercise Period | Five Years from the date of vesting |
The options granted under the scheme were structured with an exercise price determined by the latest available closing price on the stock exchange, which, in the event of multiple exchanges, is the exchange with the highest trading volume on that date.
TFL Stock Price Movement
Shares of Transwarranty Finance Limited today slipped by 2.00% to settle at ₹11.75. The equity saw a total traded volume of 9,331 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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