Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015- Allotment of Equity shares under SIB ESOS Scheme -2008
SOUTHBANK · price
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South Indian Bank has allotted 26,996 equity shares (face value Re. 1 each) to eligible employees who exercised stock options under the SIB ESOS Scheme - 2008. The allotment took place on May 22, 2026, across three tranches granted on different dates at exercise prices of Rs. 20, Rs. 22, and Rs. 27.14 per option. Total consideration received was approximately Rs. 5.6 lakh. Following the allotment, the bank's issued and subscribed capital increased to Rs. 261.76 crore divided into an equal number of equity shares.
This is a routine disclosure with minimal direct impact on stock price. The increase in share capital from employee stock option exercises is standard and dilutive effect is negligible given the small number of shares.