RBL Bank has approved the grant of 2,38,000 stock options to eligible employees under its Employee Stock Option Plans (ESOP) 2013 and 2018. The Nomination and Remuneration Committee confirmed this decision on 21 March 2026. Each option is convertible into one equity share of ₹10, with an exercise price set at ₹297.25 per option. This price reflects the latest available closing price on 20 March 2026, the trading day prior to the grant date, on the National Stock Exchange of India Limited, which recorded the higher trading volume.
The vesting schedule for these options is structured over three years, with 30% of the options vesting at the end of the first year, another 30% at the end of the second year, and the remaining 40% at the end of the third year. Employees have a window of five years from the date of vesting to exercise these options.
The ESOP 2013 and ESOP 2018 were formulated in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, ensuring compliance with the latest regulatory standards.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).