Home First Finance Company India Limited has announced the grant of 8,60,000 stock options to eligible employees under its Homefirst ESOP Scheme 2024. This decision was approved by the Nomination and Remuneration Committee of the Board of Directors through a resolution passed by circulation on 2 April 2026.
Each stock option entitles the holder to apply for one equity share of the company with a face value of ₹2 each. The pricing formula for these stock options has been set at ₹950.45 per option, as per the guidelines of the Homefirst ESOP Scheme 2024.
The scheme is compliant with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Currently, no options have vested, been exercised, or lapsed. The options can be exercised within four years from the date of respective vesting.
No money has been realised from the exercise of options as none have been exercised yet. Consequently, there are no shares arising from the exercise of options at this time. Additionally, there have been no variations in the terms of the options, and no subsequent changes, cancellations, or exercises of such options have been reported.
The diluted earnings per share pursuant to the issue of equity shares on the exercise of options is not applicable at this stage, as the options are yet to be exercised.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).