Kotak Mahindra Bank Limited has informed the Exchange regarding Allotment of 43589 Shares.
KOTAKBANK · price
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Kotak Mahindra Bank has allotted 43,589 equity shares of Rs. 5 each to its employees who exercised their stock options. The shares were issued under the Kotak Mahindra Equity Option Scheme 2015 and 2023, spread across multiple tranches and series. The allotment was approved by the Large Expenditure and Share Transfer and Other Matters Committee on June 24, 2025. The largest single tranche was 27,564 shares under ESOP Scheme Series 2023/03 (1st Tranche), followed by 15,460 shares under Series 2015/34 (3rd Tranche).
This is a routine ESOP allotment and results in negligible dilution given the tiny size relative to Kotak Mahindra Bank's overall share base. No material impact on shareholders or stock price is expected.