Equitas Small Finance Bank Limited has informed the Exchange regarding Grant of employee stock options under ESFB Employee Stock Option Scheme 2019
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Equitas Small Finance Bank has granted 20,16,168 stock options to eligible employees at an exercise price of Rs. 67.34 per share under its ESFB Employee Stock Option Scheme 2019. Each option, when exercised, will entitle the employee to one equity share of Rs. 10 face value. The options will vest equally in one-third tranches over three years from the grant date of April 28, 2026, and must be exercised within three years of vesting. The grant is in compliance with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021, and the shares issued upon exercise will rank equally with existing equity shares for dividends. The Nomination & Remuneration Committee approved the grant in a meeting held on April 28, 2026.
This is a routine ESOP allotment disclosure with a small dilutive impact (around 0.2% of equity on a fully diluted basis) and is unlikely to materially affect the stock price. It signals normal employee incentivization at market price, with no preferential treatment to promoters or insiders.