The Federal Bank has announced the allotment of a total of 2,76,479 equity shares following the exercise of stock options by its employees. This move comes under the bank’s Employee Stock Option Schemes (ESOS), specifically the ESOS 2010 and ESOS 2017 schemes.
According to the details provided, the bank has allotted 3,625 equity shares with a face value of ₹2 each under the ESOS 2010 scheme. Additionally, a substantial allotment of 2,72,854 equity shares, also with a face value of ₹2 each, has been made under the ESOS 2017 scheme. Both allotments were finalised on 13 April 2026.
The allotment process was authorised by the Nomination, Remuneration, Ethics and Compensation Committee of the bank, following the payment by the option grantees. This allotment is part of the bank’s ongoing efforts to reward and incentivise its employees through stock options, aligning their interests with the long-term performance of the bank.
The Federal Bank continues to utilise stock option schemes as a strategic tool to attract and retain talent, providing employees with an opportunity to participate in the bank’s growth and success.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).