The Federal Bank Limited has informed the Exchange about Allotment of Equity Shares on exercise of Stock options pursuant to Employee Stock Option Scheme
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Federal Bank has allotted 3,54,171 equity shares of Rs. 2 each to option grantees who exercised their stock options. The allotment includes 1,500 shares under the ESOS 2010 Scheme and 3,52,671 shares under the ESOS 2017 Scheme. The allotments were approved by the Nomination, Remuneration, Ethics and Compensation Committee after receiving payment from the allottees. The shares were allotted on May 31, 2026.
This is a routine employee stock option exercise resulting in minor dilution. The impact on the stock price is negligible as the number of shares allotted is small relative to the total outstanding shares of the bank.