The Federal Bank Limited has informed the Exchange about 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 equity shares to employees who exercised their stock options on March 23, 2026. Under the ESOS 2010 Scheme, 6,100 equity shares (face value Rs. 2 each) were allotted. Under the ESOS 2017 Scheme, 2,11,112 equity shares (face value Rs. 2 each) were allotted. The allotments were made after the Nomination, Remuneration, Ethics and Compensation Committee approved them and the allottees paid the required money. This is a routine corporate action tied to the bank's employee compensation program.
Minor dilution for existing shareholders as a total of 2,17,212 new shares are issued, but the impact is negligible relative to the bank's overall share base. No material impact on stock price expected.