Federal Bank Allots 70,968 Shares under ESOP Schemes
Federal Bank allots 70,968 equity shares on November 12, 2026 upon exercise of stock options under ESOS 2010, ESOS 2017 and ESIS 2023 schemes.
The Federal Bank Limited (NSE: FEDERALBNK | BSE: 500469) has informed the stock exchanges about the allotment of equity shares pursuant to the exercise of stock options by employees.
Details of Allotment (November 12, 2026)
| Scheme | Number of Equity Shares Allotted | Face Value |
|---|---|---|
| ESOS 2010 | 8,300 | ₹2 each |
| ESOS 2017 | 58,198 | ₹2 each |
| ESIS 2023 | 4,470 | ₹2 each |
| Total | 70,968 |
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The allotments were made after approval by the Nomination, Remuneration, Ethics and Compensation Committee and upon receipt of the exercise money from the option grantees.
The company has requested the exchanges to take the information on record.
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