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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Federal Bank has allotted 229,887 equity shares (face value Rs. 2 each) to employees who exercised their stock options. This includes 6,165 shares under ESOS 2010 Scheme and 2,23,722 shares under ESOS 2017 Scheme, both allotted on May 9, 2026. The allotments were approved by the Nomination, Remuneration, Ethics and Compensation Committee after receiving payment from option grantees. This is a routine corporate action related to the bank's employee compensation program.
The allotment is dilutive to existing shareholders but minimally impacts per-share metrics given the small number of shares relative to the total outstanding shares. This reflects normal ESOS execution and employee confidence in the company's prospects.