Federal Bank has announced the allotment of a total of 3,96,119 equity shares following the exercise of stock options by its employees. This move was approved by the Nomination, Remuneration, Ethics and Compensation Committee.
On 3rd May 2026, the bank allotted 21,875 equity shares with a face value of ₹2 each under the ESOS 2010 Scheme. Additionally, 3,74,244 equity shares with the same face value were allotted under the ESOS 2017 Scheme. The allotment was made after the payment of money by the option grantees.
The allotment of these shares is part of the bank’s Employee Stock Option Scheme (ESOS), which is designed to reward and retain talent by offering employees an opportunity to own equity in the company.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).