Federal Bank has announced the allotment of a total of 86,162 equity shares following the exercise of stock options by eligible employees. The allotment was made under the bank’s Employee Stock Option Scheme (ESOS) on 9th March 2026.
The allotment includes 1,525 equity shares with a face value of ₹2 each under the ESOS 2010 scheme and 84,637 equity shares with a face value of ₹2 each under the ESOS 2017 scheme. These shares were allocated to option grantees who exercised their stock options, as approved by the Nomination, Remuneration, Ethics and Compensation Committee.
The exercise of these stock options is part of Federal Bank’s ongoing efforts to incentivise and retain talent within the organisation, aligning employee interests with those of the shareholders.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by News Desk before publication.