Federal Bank has announced the allotment of a total of 1,24,203 equity shares following the exercise of stock options by employees. The allotments were made under the bank’s Employee Stock Option Schemes (ESOS) on 27 April 2026.
The Nomination, Remuneration, Ethics and Compensation Committee of Federal Bank approved the allotment of these shares. Specifically, 1,000 equity shares with a face value of ₹2 each were allotted under the ESOS 2010 Scheme. Additionally, 1,23,203 equity shares, also with a face value of ₹2 each, were allotted under the ESOS 2017 Scheme.
These allotments were executed after the payment was received from the option grantees, marking a successful exercise of stock options by the bank’s employees.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).