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Poonawalla Fincorp Limited ( (IN:POONAWALLA) ) has provided an update.
Poonawalla Fincorp Limited has allotted 28,850 equity shares of Rs. 2 each under its Employee Stock Option Plan 2021, following approval by the Nomination and Remuneration Committee on March 20, 2026. The newly allotted shares will rank pari passu with existing equity shares, reflecting the company’s ongoing use of stock-based compensation to reward and retain employees.
Following this allotment, the company’s issued, subscribed and paid-up equity share capital has increased to Rs. 1,625,635,316, comprising 812,817,658 equity shares of Rs. 2 each. The marginal expansion of share capital results in a slight dilution for existing shareholders but underscores the firm’s continued emphasis on employee ownership within its capital structure.
More about Poonawalla Fincorp Limited
Poonawalla Fincorp Limited is a non-banking financial company operating in India’s financial services sector, offering retail and corporate lending solutions. The company focuses on diversified credit products, and its equity shares are listed on both the BSE and the National Stock Exchange under the symbol POONAWALLA.
Average Trading Volume: 96,732
Technical Sentiment Signal: Hold
Current Market Cap: 325.6B INR
For a thorough assessment of POONAWALLA stock, go to TipRanks’ Stock Analysis page.