Kotak Mahindra Bank Limited has informed the Exchange regarding Grant of 2015350 Options.
KOTAKBANK · price
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Kotak Mahindra Bank's Nomination and Remuneration Committee granted 20,15,350 employee stock options on May 15, 2026 under the Kotak Mahindra Equity Option Scheme, 2023 (Series 11). The options will vest in four equal tranches of 25% each — on May 18, 2027, 2028, 2029, and 2030. Each option entitles the employee to one equity share with a face value of Re. 1, with a one-year exercise window from the respective vesting date. The grant covers eligible employees of the bank and its subsidiary companies.
The ESOP grant aligns employee interests with shareholders and supports talent retention, but will cause modest equity dilution over the vesting period. This is a routine disclosure with no material short-term impact on the stock.