The South Indian Bank Limited has informed the Exchange regarding allotment of Equity Shares under SIB ESOS Scheme 2008
SOUTHBANK · price
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The South Indian Bank has allotted 23,986 equity shares to eligible employees who exercised their stock options under the SIB ESOS Scheme 2008. The allotment happened on April 24, 2026 across three tranches granted on different dates (Tranche 13 in July 2023, Tranche 14 in May 2024, and Tranche 16 in September 2024) with exercise prices ranging from Rs. 20 to Rs. 24.95 per option. The bank received a total consideration of approximately Rs. 4.87 lakh from this exercise. Following the allotment, the bank's total issued and subscribed capital stands at Rs. 2,61,75,91,890 comprising 2,61,75,91,890 equity shares of Re. 1 each.
The share issuance is routine employee compensation and has minimal dilution impact given only 23,986 shares were issued against nearly 2.62 billion total shares. This is unlikely to materially impact the stock price but reflects normal ESOS operations.