Axis Bank Grants 1.04 Lakh Stock Options to Employees at Rs 1,262 Per Share

Axis Bank on Wednesday announced the grant of 103,916 stock options to its eligible employees under the Axis Bank Employees Stock Option Scheme 2000–01, according to a regulatory filing made with stock exchanges.

The stock options were approved by the Bank’s Nomination and Remuneration Committee at its meeting held on January 14, 2026. The options have been granted at an exercise price of Rs 1,262 per option, which corresponds to the latest available closing price of Axis Bank shares on the National Stock Exchange as of January 13, 2026, the previous trading day.

Each option, upon exercise, will convert into one equity share of face value Rs 2 of the Bank. In total, the grant covers 103,916 equity shares.

Vesting Schedule

The vesting of the granted options will take place over a three-year period:

• 30 percent at the end of the first year from the date of grant

• 30 percent at the end of the second year

• 40 percent at the end of the third year

Once vested, the options can be exercised by the eligible employees within five years from the respective vesting dates.

Axis Bank confirmed that the scheme is fully compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosures were made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The meeting of the Nomination and Remuneration Committee commenced at 11:00 am and concluded at 3:00 pm (IST).

This move reflects the Bank’s continued focus on employee retention and long-term value creation by aligning employee interests with shareholder growth.