Federal Bank Completes Allotment of Over 2.83 Lakh Equity Shares Under Employee Stock Option Schemes
Federal Bank Limited announced today the allotment of equity shares following the exercise of employee stock options. The allotment was completed under two separate Employee Stock Option Schemes (ESOS) and has been formally intimated to the National Stock Exchange of India Limited (NSE) and BSE Limited.
The corporate action, approved by the Bank’s Nomination, Remuneration, Ethics and Compensation Committee, underscores the bank’s continued commitment to aligning employee interests with long-term shareholder value.
Details of the Allotment:
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Under ESOS 2010 Scheme: The bank allotted 4,875 equity shares of face value ₹2 each to option grantees.
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Under ESOS 2017 Scheme: The bank allotted 2,78,268 equity shares of face value ₹2 each to option grantees.
This brings the total allotment for January 19, 2026, to 2,83,143 equity shares. The shares were allotted after the receipt of the requisite payment from the eligible employees (option grantees).
Regulatory Compliance:
The intimation was sent to the stock exchanges under the reference code SEC/ESOS/383/2025-26. The communication, signed by Mr. Samir P Rajdev, Company Secretary of Federal Bank, confirms that the allotment is in compliance with the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Implications:
The exercise of stock options is a routine corporate action that reflects employee confidence in the bank’s future prospects. It leads to a marginal increase in the bank’s issued and paid-up share capital. Such schemes are instrumental in attracting, retaining, and motivating talent by offering them a stake in the organization’s growth.
About Federal Bank Limited:
Federal Bank Limited (NSE: FEDERALBNK, BSE: 500469) is a leading Indian private sector bank with a robust presence across the country. Headquartered in Aluva, Kerala, the bank offers a wide spectrum of financial products and services through its extensive network of branches and digital platforms. The Bank is recognized for its strong governance, customer-centric approach, and technological innovation.