Axis Bank Allotment of 195,605 ESOP Shares
Axis Bank's Nomination and Remuneration Committee (NRC), at its meeting held on October 15, 2026, granted 195,605 stock options to eligible employees under the Axis Bank Employees Stock Option Scheme 2000-01.
Key Details of the Grant:
- Face Value: Rs. 2 per equity share
- Exercise Price: Rs. 1,264.60 per option
- Total Shares Covered: 195,605 equity shares
Pricing Formula: The exercise price was set at the latest available closing price on the National Stock Exchange (NSE), which was the exchange with the highest trading volume in the bank's shares on the previous trading day, October 14, 2026.
Vesting Schedule: The options are scheduled to vest in three tranches:
- 30% of the granted options vest after 1 year from the grant date.
- 30% of the granted options vest after 2 years from the grant date.
- 40% of the granted options vest after 3 years from the grant date.
Exercise Period: Grantees have a period of 5 years from the date of each respective vesting to exercise their options.
Regulatory Compliance: The grant is in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Meeting Details: The NRC meeting commenced at 2:30 pm IST and concluded at 6:25 pm IST on October 15, 2026.
Additional Announcements
There are no additional corporate announcements in this filing. The communication is solely for the purpose of disclosing the ESOP grant.