The Federal Bank Limited has informed the Exchange about Intimation of 94th AGM, Book Closure, E-voting related matters and adoption of ESOS & ESIS Schemes 2025
FEDERALBNK · price
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The Federal Bank's board, at its July 30, 2025 meeting, approved two new employee benefit schemes — ESOS 2025 and ESIS 2025 — subject to shareholder approval at the upcoming AGM. Under ESOS 2025, up to 2.45 crore options (1% of paid-up equity) can be granted at fair market value, with 1–5 year vesting and a 5-year exercise window post-vesting. Under ESIS 2025, up to 1.47 crore options (0.60% of paid-up equity) can be granted at face value (₹2 per share), with performance-linked vesting over 1–4 years and a 3-year exercise window. The 94th AGM is scheduled for August 29, 2025 via video conferencing. The Register of Members and Share Transfer Books will remain closed from August 23 to August 29, 2025 for the AGM, e-voting and final dividend. The cut-off date to determine eligible shareholders for e-voting and dividend is August 22, 2025.
Combined potential dilution from both schemes is around 1.6% of equity, which is modest and typical for large banks retaining talent. The performance-linked ESIS aligns employee rewards with shareholder value creation. Investors must hold shares by August 22, 2025 to receive the final dividend (if declared) and to vote at the AGM.