Federal Bank Allots Over 2.05 Lakh Equity Shares Under Employee Stock Option Schemes
Mumbai: Private sector lender Federal Bank Limited has allotted 2,05,701 equity shares following the exercise of stock options by eligible employees under its Employee Stock Option Schemes (ESOS), according to a regulatory filing made with stock exchanges.
The allotment was approved by the bank’s Nomination, Remuneration, Ethics and Compensation Committee after receipt of the requisite consideration from the option grantees.
Details of Share Allotment
As per the disclosure:
-
750 equity shares with a face value of ₹2 each were allotted under the ESOS 2010 Scheme on January 26, 2026.
-
2,04,951 equity shares with a face value of ₹2 each were allotted under the ESOS 2017 Scheme on the same date.
The allotment reflects the exercise of vested stock options by employees in accordance with the terms of the respective schemes.
Regulatory Disclosure
Federal Bank informed both the National Stock Exchange of India (NSE) and BSE Limited about the allotment as part of its statutory disclosure obligations. The bank’s shares are listed under the symbol FEDERALBNK on NSE and 500469 on BSE.
ESOPs as a Talent Retention Tool
Employee Stock Option Schemes are widely used by banks and corporates to align employee interests with long-term shareholder value, while also serving as an effective tool for talent retention and motivation.
The latest allotment will result in a marginal increase in the bank’s paid-up equity share capital.