The South Indian Bank Limited has informed the Exchange regarding Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of Equity Shares under SIB ESOS Scheme 2008
SOUTHBANK · price
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The South Indian Bank has allotted 1,54,754 equity shares to eligible employees on February 26, 2026, upon exercise of stock options under its ESOS Scheme 2008. The shares were issued across three tranches: 1,23,371 shares at Rs. 20 each, 4,498 shares at Rs. 22 each, and 26,885 shares at Rs. 27.14 each, bringing in a total of about Rs. 32.96 lakh to the bank. As a result, the bank's total issued and subscribed share capital has risen to Rs. 261.74 crore, comprising 261.74 crore equity shares of Re. 1 each. This is a routine disclosure under SEBI's listing regulations regarding employee stock option exercises.
This is a small, routine ESOS allotment and is unlikely to have any meaningful impact on the stock price. It signals the bank is fulfilling its employee incentive commitments, but the dilution is negligible compared to the total share base.