Equitas Small Finance Bank Limited has informed the Exchanges regarding the grant of Stock Options
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Equitas Small Finance Bank's Nomination & Remuneration Committee has approved the grant of 29,20,631 stock options to eligible employees on May 28, 2026. Of these, 14,28,305 options (valued at market price Rs. 72.18/share) have been granted to the MD & CEO, ED, and two Material Risk Takers (MRTs). The remaining 14,92,326 options include 12,15,697 granted at face value (Rs. 10/share) and 2,76,629 at Rs. 72.18/share for other eligible employees. The vesting period is over three years from the date of grant, with options exercisable within three years of vesting. The MD & CEO and ED's grants are subject to RBI approval. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The stock option grant aligns employee and management interests with long-term shareholder value but will result in share dilution upon exercise. Grants to senior leadership (MD & CEO and ED) remain conditional on RBI approval, which introduces a regulatory risk element.