CSB Bank Limited has informed the Exchange regarding 'Grant of Stock options under CSB Employee Stock Option Scheme 2019'.
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CSB Bank's Nomination & Remuneration Committee approved the grant of 5,19,345 stock options to eligible employees under the ESOP 2019 scheme on August 13, 2025. Each option is exercisable into one equity share of face value Rs. 10 at an exercise price of Rs. 406.15, which equals the NSE closing price on August 12, 2025 (the trading day before the grant). The options will vest in four equal tranches of 25% each over 12, 24, 36, and 48 months from the grant date, with employees having 3 years from each vesting date to exercise. The grant is in line with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine ESOP grant priced at current market value, so there is no immediate downside to existing shareholders. However, the eventual conversion of up to 5,19,345 shares will cause mild equity dilution over the next 4 years, while helping the bank attract and retain talent by aligning employee interests with shareholder value.