Manappuram Finance Share Price in Focus After ESOP Grant of 4.29 Lakh Shares to Employees

Manappuram Finance has approved the grant of 4,28,568 stock options under its Employee Stock Option Scheme (ESOP) 2025, as per a filing dated June 23, 2026.  

The options will be allotted to eligible employees of the company and its subsidiaries, including those in the sports division. The grant covers 4,28,568 equity shares and forms part of the company’s employee compensation programme.  

The scheme is in line with the Securities and Exchange Board of India’s Share Based Employee Benefits Regulations, 2021. 

Vesting Period Ranges Up to Five Years 

Under the approved structure, the stock options will vest over a period of one to five years from the date of grant. Employees will be allowed to exercise vested options within five years from the respective vesting date. 

The exercise price will be determined by the Nomination, Compensation, and Corporate Governance Committee. The company stated that the price may be set at a discount of up to 20% to the market price prevailing on the date of grant, subject to the terms of the scheme. 

Shares to Carry No Lock-In Requirement 

The company said shares allotted after the exercise of vested options will not be subject to any lock-in period. Administration of the scheme will remain with the committee, which will also handle matters relating to interpretation and implementation. 

The disclosure noted that no options have been exercised, cancelled, modified, or lapsed at this stage. The grant is the latest allotment under the ESOP 2025 framework approved by the company. 

Other Matters Before the Board 

Alongside the ESOP approval, the board considered a proposal related to increasing the company’s borrowing limits to ₹1 lakh crore through instruments such as non-convertible debentures, bonds and commercial papers. The proposal was deferred and will be reviewed at a later meeting. 

The company also reported changes in the classification of two senior management personnel following internal reporting changes. The revisions became effective from June 23, 2026. 

Read More: RailTel Share Price in Focus as Company Secures ₹334.52 Crore Railways Order for e-Office Upgrade! 

Manappuram Finance Share Price Performance  

As of June 23, 2026, 3:19 pm, Manappuram Finance share price was trading at ₹319.15, a 2.45% decrease from the previous closing price. 

Conclusion 

The board's approval adds 4.29 lakh stock options to the company's ESOP pool. The grant follows the terms of ESOP 2025 and applicable SEBI regulations governing share-based employee benefits. 

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