The Federal Bank Limited has informed the Exchange about Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Scheme

Federal Bank has issued new equity shares to employees who exercised their stock options under the bank's Employee Stock Option Scheme. This is a routine event where employees convert their vested stock options into actual shares, leading to a small increase in the total share capital of the bank. The allotment is part of the bank's ongoing employee compensation and incentive programme. No new fundraising is involved here — the shares are issued directly to employees as part of their pay package. Such allotments typically happen periodically whenever employees choose to exercise their vested options.