The Karnataka Bank Limited has informed the Exchange about the allotment of equity shares pursuant to exercise of vested stock options under the KBL Employees Stock Option Scheme 2018 (ESOS 2018)
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Karnataka Bank has allotted 8,113 equity shares with a face value of Rs. 10 each on 5 March 2026. These shares were issued to employees who exercised their vested stock options under the bank's Employee Stock Option Scheme 2018 (ESOS 2018). The allotment was approved by the Managing Director & CEO. The disclosure was made to NSE and BSE under SEBI Listing Regulations. This is a routine ESOP exercise event with no change in the scheme structure.
This is a minor, routine allotment with negligible dilution given the very small number of shares (8,113) compared to the bank's overall equity base. No material impact on share price or shareholder value is expected.