Ujjivan Small Finance Bank Limited has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2026.
UJJIVANSFB · price
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Ujjivan Small Finance Bank's board approved increasing the ESOP Scheme 2019 pool from 14.4 crore to 20.4 crore options, adding 6 crore more options for future grants. They also approved a new Restricted Stock Unit Scheme 2026 with 2 crore RSUs, with exercise price at face value of Rs. 10 per share. Both proposals are subject to shareholder approval. The bank stated these schemes aim to attract and retain talent by aligning employee interests with shareholders, with maximum 5 years to exercise after vesting. No grants are being made immediately - the board is only approving the framework and pool sizes.
Current shareholders may face dilution when these options are eventually granted and exercised, as up to 8 crore new shares could be issued in total. The approval signals the bank's focus on employee retention through equity compensation but adds to future share count overhang.