The South Indian Bank Limited has informed the Exchange regarding Allotment of Shares.
SOUTHBANK · price
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Awaiting price reaction for this filing.
South Indian Bank has allotted 25,056 equity shares of Re. 1 each to eligible employees under its Employee Stock Option Scheme (ESOS) 2008, following exercise of stock options on June 24, 2025. Of these, 22,950 shares come from Tranche 13 (granted July 2023 at Rs. 20 per option) and 2,106 shares from Tranche 14 (granted May 2024 at Rs. 22 per option). The bank received a total of Rs. 5,05,332 as consideration. As a result, the bank's issued and subscribed equity capital now stands at Rs. 261.63 crore, divided into 2,61,63,39,940 equity shares.
This is a routine, small ESOP allotment that has only a minor dilutive effect (0.001% increase in share count). It has no material impact on shareholders or stock price, though it reflects employee confidence in exercising their stock options at the granted prices.