Equitas Small Finance Bank Limited has informed the Exchange regarding Grant of 7797930 Options.
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On June 17, 2025, the Nomination & Remuneration Committee of Equitas Small Finance Bank approved the grant of 77,97,930 stock options to eligible employees under the ESFB Employee Stock Option Scheme, 2019. The exercise price has been set at Rs. 67.51 per share, which is the prevailing market price as defined under SEBI (SBEB & SE) Regulations, 2021. Of the total, 70,12,300 options (for employees other than MD & CEO) will vest after one year, while 7,85,630 options (for MD & CEO) will vest over three years, subject to RBI approval. Once exercised, each option converts into one equity share of Rs. 10 face value, and the resulting shares will rank equally with existing shares for dividends.
This is a routine ESOP grant and may cause minor dilution of equity when options are eventually exercised. There is no immediate impact on share price, but investors should track the exercise of these options over the coming years as they convert into shares.