The South Indian Bank Limited has informed the Exchange regarding Allotment of 13228 Shares under SIB ESOS Scheme 2008

The South Indian Bank has allotted 13,228 equity shares to employees under its Employee Stock Option Scheme (ESOS) 2008. The shares were issued following the exercise of stock options granted under the long-standing employee incentive plan. This is a routine allotment under an existing employee benefit scheme, not a fresh capital raise. The bank's stock option plan allows eligible employees to acquire shares at predetermined prices, aligning staff interests with shareholders. Shareholders should note a small dilution effect from this allotment, though it is minimal in scale.