Fino Payments Bank Limited has informed the Exchange about Grant of Stock Options under Fino Payments Bank Limited - Employee Stock Option Policy, 2020 ( ESOP 2020 )
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Fino Payments Bank has granted 89,762 stock options to its eligible employees under the company's Employee Stock Option Policy (ESOP 2020). Each option gives the right to one equity share of face value ₹10. The exercise price has been fixed at ₹256.90 per option, based on the previous day's closing price on the NSE (August 19, 2025). The options will vest in three equal tranches of 33.33% each at the end of years 2, 3, and 4 from the grant date, with no vesting in year 1. Once vested, employees have 5 years to exercise the options while in service. The grant was approved by the Nomination and Remuneration Committee on August 20, 2025, and is in line with SEBI's share-based employee benefits rules.
This is a routine employee incentive grant with no immediate cash impact on the company. It signals management's effort to retain talent through stock-linked rewards, but the small size of the grant (under 90,000 options) means minimal dilution risk for existing shareholders.