Corporate filing
Shriram Properties Files Trust Deed for 2025 Employee Stock Option Scheme
Shriram Properties Ltd filed an ESOP trust deed for its 2025 employee stock option scheme with the stock exchanges on 17 October 2026. The filing sets up the trust that will hold shares for the scheme, and it does not by itself change any project, price or delivery schedule.
| Company | Shriram Properties Ltd (BSE: 543419; NSE: SHRIRAMPPS) |
|---|---|
| Filing | ESOP trust deed for the 2025 employee stock option scheme, filed under Regulation 3(3) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 |
| Filing date | 17 October 2026 |
| Trust and trustee (as reported) | SPL ESOP Trust; trustee Braintrust Collectives LLP |
| Scheme size (as reported) | Up to 85.2 lakh shares, about 5% of paid-up capital |
| Share price | ₹67.7 as of 17 October 2026 |
| Market capitalisation | ₹1,156.01 crore as of 16 October 2026 |
| Trading window | Closed from 1 October 2026 until 48 hours after the Q2 FY2027 results |
What happened
On 17 October 2026, Shriram Properties Ltd submitted the trust deed for its Employee Stock Option Scheme 2025 to the stock exchanges. The filing was made under Regulation 3(3) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. A trust deed is the legal document that sets up the trust which will hold company shares on behalf of employees who are granted options under the scheme.
According to one published report, the trust is called the SPL ESOP Trust and Braintrust Collectives LLP is the trustee. The same report says the scheme covers up to 85.2 lakh shares, or about 5% of the company's paid-up capital.
What the filing does and does not change
The filing is a step in setting up an employee share arrangement. It concerns the company's equity and its staff, not the sale of homes. It does not, on its own, alter prices, unit configurations, approvals or possession timelines for any Shriram Properties project.
The company already has an earlier scheme. Its Shriram Properties Limited Employee Stock Option Plan, 2013, was the previous plan, and the company has reported share allotments under ESOPs in the past.
Company background
Shriram Properties is part of the Shriram Group and describes itself as a residential developer in South India focused on the mid-market and affordable segments. It began operations in Bengaluru in 2000 and now also works in Chennai, Coimbatore and Visakhapatnam. It has a project in Kolkata, where it is developing a large mixed-use scheme.
In its own release, based on data as of 31 December 2025, the company said it had delivered 50 projects with a saleable area of 30.8 million square feet, mostly in Bengaluru and Chennai and, in recent years, in West Bengal. It also reported a pipeline of 42 projects with development potential of 36 million square feet, including 18 million square feet of ongoing projects.
The company listed in December 2021. Its initial public offer was subscribed 4.60 times at an issue price of ₹118 per share, and the shares opened at ₹94, a discount of 20.34% to the issue price.
Recent related developments
- 30 September 2026: The company announced it would buy equity stakes in four joint ventures for a total cash consideration of ₹37 crore. The stakes are 49% each in Shrivision Towers, SPL Towers and Shriprop Living Space, and 50% in Shriprop Hitech City. One part of the deal, the 49% stake in Shrivision Towers Private Limited, is priced at ₹22 crore. The completion date was set for 30 September 2026.
- 1 October 2026: Shriram Properties reported an 8–10% rise in construction input costs linked to geopolitical tensions. The company said it is absorbing these costs internally rather than passing them on to buyers.
- 17 February 2026: The company completed the acquisition of a prime land parcel on Sarjapur Main Road to strengthen its presence in south-east Bengaluru.
What happens next
The trading window for insiders is closed from 1 October 2026 until 48 hours after the company releases its Q2 FY2027 results. Any grants, exercises or allotments under the 2025 scheme would be reported by the company separately through exchange filings. Buyers and investors should watch the exchange announcements for those steps and for the Q2 FY2027 results.
Frequently asked questions
What is an ESOP trust deed?
It is the legal document that creates a trust to hold company shares for employees who receive stock options. The trust acts for the employees under the scheme's rules.
Does this filing change the price of Shriram Properties homes?
No. The filing concerns the company's employee share scheme. It does not by itself change prices, unit sizes or possession dates for any project.
How big is the 2025 scheme?
One published report says it covers up to 85.2 lakh shares, about 5% of paid-up capital. That is the only figure reported for the scheme size so far.
Who is the trustee?
One published report names Braintrust Collectives LLP as trustee of the SPL ESOP Trust.
When will the company disclose grants under the scheme?
Grants, exercises and allotments would be disclosed through exchange filings. The timing will depend on when the company makes them.