Kotak Mahindra Bank Limited has informed the Exchange regarding of 101650 Options.
KOTAKBANK · price
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On September 27, 2025, Kotak Mahindra Bank's Nomination and Remuneration Committee granted stock options to eligible employees under two schemes. Under the ESOP Scheme 2023 (Series 08), 1,01,650 options were granted, vesting 25% each year from September 30, 2026 to June 30, 2029. Under the newly introduced PRSU Scheme 2025 (Series 01), 6,93,260 Performance Linked Restricted Stock Units were granted, vesting 25% each year from May 31, 2027 to May 31, 2030, subject to performance conditions. Each ESOP/PRSU is convertible into one equity share of face value Rs. 5. The total grant covers 7,94,910 potential shares, with a one-year exercise window after each vesting date.
This is a routine employee compensation announcement with a marginal dilution effect on existing shareholders when these options are eventually exercised over the next 4-5 years. The performance-linked nature of the PRSUs aligns employee interests with shareholder value creation. No immediate material impact on stock price is expected.