The Federal Bank Limited has informed the Exchange regarding 'Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Scheme'.
FEDERALBNK · price
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The Federal Bank has allotted 97,795 equity shares with a face value of Rs. 2 each to employees who exercised their stock options under the ESOS 2017 Scheme. The allotment was approved by the Nomination, Remuneration, Ethics and Compensation Committee and was completed on June 3, 2025. This is part of the bank's ongoing employee stock option programme, allowing staff to convert their vested options into actual shares. The total number of shares is relatively small compared to the bank's overall share base, making this a routine disclosure.
This is a minor, routine allotment that causes negligible dilution to existing shareholders. It reflects employees exercising already-granted stock options and is unlikely to have any material impact on the stock price.