Please find attached herewith intimation regarding Grant of Stock options to employees of the Bank under Suryoday ESOP Scheme-2019
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Suryoday Small Finance Bank has informed the stock exchange about granting stock options to its employees under the Suryoday ESOP Scheme-2019. The grant is part of the bank's employee stock option plan, allowing eligible employees to acquire shares at a predetermined price in the future. This is a routine disclosure required when stock options are allotted to employees. The specific number of options and beneficiaries are detailed in the attached intimation.
This is a routine ESOP grant and is likely to have a mild dilutive effect on existing shareholders. It is a standard employee compensation practice and not expected to materially impact the stock price.