Intimation of Grant of Stock Options under the "Fedbank Financial Services Limited - Employees Stock Options Scheme, 2018 ("ESOP 2018")"
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Fedbank Financial Services Ltd has granted 20,15,744 stock options to eligible employees under its Employees Stock Option Scheme 2018 (ESOS-2018). The options were approved by the Nomination and Remuneration Committee on May 6, 2026. The exercise price is Rs. 145.78 per option, based on the average opening and closing price on NSE on May 5, 2026. The options will vest over a period of 1 to 4 years, and employees can exercise them within 3 years of vesting. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. No lock-in applies to shares issued upon exercise, and such shares will rank pari-passu with existing equity shares.
This is a routine disclosure with no immediate impact on the stock price. ESOP grants are commonly used to retain and motivate employees, and the dilution effect is spread over several years through vesting schedules.