Ujjivan Small Finance Bank Limited has informed the Exchange regarding Grant of 15226323 Options.
UJJIVANSFB · price
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The Nomination and Remuneration Committee of Ujjivan Small Finance Bank approved a grant of 1,52,26,323 (about 1.52 crore) stock options to eligible employees under the Bank's ESOP Scheme 2019 on August 6, 2025. Each option gives the right to subscribe to one fully paid equity share of the bank at an exercise price of Rs. 43.07, which is the closing price on NSE on the date of grant. The options will vest over four years in tranches of 20%, 20%, 30%, and 30% in years 1 through 4 respectively, with a 5-year exercise window from the date of each vesting. The scheme is compliant with SEBI (SBEB and Sweat Equity) Regulations, 2021.
This is a standard employee incentive grant at market price with no discount, so no immediate value transfer to employees. However, if fully exercised in the future, it could result in dilution of existing shareholders' equity by approximately 1.52 crore shares. The gradual vesting over 4 years and 5-year exercise window spreads out any dilution impact.