The Karnataka Bank Limited has informed the Exchange about 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 8,537 equity shares of Rs. 10 face value each to employees who exercised their vested stock options under the ESOS 2018 scheme. The allotment was approved by the Managing Director & CEO on 14.05.2026. This is a routine exercise of employee stock options where employees convert their vested options into equity shares. The issuance causes minor dilution to existing shareholders as new shares enter the equity base.
Minor share dilution for existing shareholders. The impact on stock price is typically negligible given the small number of shares (8,537) relative to the total outstanding shares of the bank.