ESAF Small Finance Bank Limited has informed the Exchange regarding Grant of Stock Options Under ESAF Employee Stock Option Scheme 2019
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ESAF Small Finance Bank's board, at its meeting on February 27, 2026, approved granting 2,03,194 stock options to Executive Director George Kalaparambil John under the ESAF Employee Stock Option Scheme 2019. This forms 52.63% of his variable pay for FY 2024-25, as approved by the RBI on February 11, 2026, and is deferred over four years. The options vest in tranches from March 2027 to March 2030 at an exercise price of Rs. 10 per option. The board also noted the retirement of Non-Executive Independent Director Thomas Jacob Kalappila, effective March 9, 2026, and approved reconstitution of four board sub-committees effective March 10, 2026.
This is a routine disclosure. The ESOP grant represents a small potential dilution (2.03 lakh shares) as part of standard executive compensation, with no immediate cash impact. The director retirement and committee changes are normal governance updates with no material effect on shareholders or stock price.