Federal Bank has announced the allotment of equity shares following the exercise of stock options by its employees. On 24 May 2026, the bank allotted a total of 2,63,845 equity shares to option grantees under its Employee Stock Option Schemes (ESOS) 2010 and 2017.
The allotment includes 2,000 equity shares with a face value of ₹2 each under the ESOS 2010 scheme. Additionally, 2,61,845 equity shares with the same face value were allotted under the ESOS 2017 scheme. These allocations were approved by the Nomination, Remuneration, Ethics and Compensation Committee after the payment was received from the allottees.
This move is part of Federal Bank‘s ongoing efforts to incentivise and retain talent within the organisation by offering employees an opportunity to participate in the bank’s growth through stock ownership.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).