Fedbank Financial Services Limited has informed the Exchange regarding allotment of 24500 securities pursuant to ESOP/ESPS at its meeting held on April 15, 2026
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Fedbank Financial Services has allotted 24,500 equity shares of Rs. 10 face value to employees who exercised their vested stock options under the company's ESOP 2018 scheme. The allotment was approved by the Committee of Directors (Operations) on April 15, 2026. As a result, the company's paid-up share capital has risen from Rs. 374.23 crore (37.42 crore shares) to Rs. 374.25 crore (37.4252 crore shares). The newly issued shares will rank equally with existing shares, and the company is working on completing listing formalities. This is a small, routine allotment and does not materially change the shareholding structure.
Minor dilution of less than 0.01% from ESOP exercise; negligible impact on share price or shareholder value. Routine in nature with no material financial impact.