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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Awaiting price reaction for this filing.
South Indian Bank has allotted 34,629 equity shares of Re. 1 face value to eligible employees who exercised their stock options under the SIB ESOS Scheme 2008. The shares were allotted on September 23, 2025 across three tranches: 29,067 shares from Tranche 13 (at Rs. 20 per share, granted July 31, 2023), 2,062 shares from Tranche 14 (at Rs. 22 per share, granted May 2, 2024), and 3,500 shares from Tranche 15 (at Rs. 27.14 per share, granted July 30, 2024). The total consideration received by the bank is approximately Rs. 7.22 lakh. After this allotment, the bank's issued and subscribed share capital stands at Rs. 261.67 crore divided into 261,67,49,881 equity shares.
This is a routine ESOP allotment with negligible dilution (34,629 shares against a capital base of over 261 crore shares, or roughly 0.0013%). It is unlikely to have any material impact on the share price or shareholder value.