Federal Bank has announced the allotment of 3,73,493 equity shares with a face value of ₹2 each to option grantees upon the exercise of stock options under its Employee Stock Option Schemes (ESOS) on July 24, 2025. This includes 60,000 equity shares under ESOS 2010 and 3,13,493 equity shares under ESOS 2017.
| Scheme | Number of Shares Allotted | Face Value (₹) | Allotment Date |
|---|---|---|---|
| ESOS 2010 | 60,000 | 2 | July 24, 2025 |
| ESOS 2017 | 3,13,493 | 2 | July 24, 2025 |
| Total | 3,73,493 | - | - |
The allotment was approved by the Nomination, Remuneration, Ethics and Compensation Committee after the option grantees made the required payments. The bank has informed the National Stock Exchange of India Limited and BSE Limited about this allotment.
Samir P Rajdev, Company Secretary of The Federal Bank Ltd., confirmed the allotment through an official communication.
