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's Nomination and Remuneration Committee allotted 26,996 equity shares on May 22, 2026 to eligible employees who exercised stock options under the SIB ESOS Scheme 2008. The shares were allotted across three tranches granted in 2023 and 2024 at exercise prices of Rs. 20, Rs. 22, and Rs. 27.14 per option, totaling Rs. 5,59,664 in consideration received. The bank's issued and subscribed capital has increased to Rs. 261.76 crore comprising 261.76 crore equity shares of Re. 1 each. This is a routine employee stock option exercise and does not involve any fresh capital raise as the options were already granted previously.
This is a minor dilution of 26,996 shares from employee stock option exercises. The impact on stock price is negligible as the total shares issued represent a tiny fraction (approximately 0.01%) of total capital. No change in promoter or FII holdings is indicated.