Axis Bank Limited has informed the Exchange about General Updates
AXISBANK · price
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Axis Bank has revised the vesting schedule of 1,85,537 stock options granted under its Employees Stock Option Scheme (ESOS) 2000-01. Earlier, these options were to vest 30%, 30%, and 40% at the end of the first, second, and third year respectively. Under the new schedule, the same options will now vest equally at 25% per year over four years, starting after the first year from the date of grant. The change was made based on directions from the Reserve Bank of India and on the recommendation of the Nomination and Remuneration Committee, and was approved by the Board through a circulation resolution on July 24, 2025. The exercise price and all other terms of the grant remain unchanged.
This is a routine administrative change to the employee stock option schedule and is unlikely to have any material impact on shareholders or the stock price. The total number of options and dilution remain the same — only the timing of when employees can exercise them has been spread out more evenly.