SBI Cards and Payment Services Ltd has approved the allotment of 606 equity shares under its Employee Stock Option Plan 2023, the company said in a BSE filing dated August 24, 2026. The SBI Card ESOP allotment followed the exercise of employee stock options by eligible participants.

The Nomination and Remuneration Committee of the board approved the allotment through a resolution dated August 24. Each allotted share has a face value of Rs 10, while the exercise price was also fixed at Rs 10 per share under the SBI Card Employee Stock Option Plan 2023.

Paid-up capital rises after share allotment

Following the allotment, SBI Card's paid-up equity capital increased from Rs 9,51,64,24,920 to Rs 9,51,64,30,980. The number of equity shares outstanding rose from 95,16,42,492 to 95,16,43,098 shares, each carrying a face value of Rs 10.

Particulars Before allotment After allotment
Paid-up capital Rs 9,51,64,24,920 Rs 9,51,64,30,980
Equity shares 95,16,42,492 95,16,43,098

The filing identified the date and time of the event as August 24, 2026, at around 11:59 am. The disclosure was subsequently filed with BSE under scrip code 543066 and with the National Stock Exchange under the symbol SBICARD.

Disclosure submitted to stock exchanges

SBI Card informed both stock exchanges that the newly issued shares were allotted specifically to eligible participants who exercised options under the 2023 employee stock option plan. The disclosure concerns an equity-share allotment and the resulting revision in the company's paid-up capital and outstanding share count.

The company also said the intimation was being uploaded on its corporate website. The filing was signed by Payal Mittal Chhabra, Chief Compliance Officer and Company Secretary of SBI Cards and Payment Services Ltd.

Source: BSE corporate announcement.