Board Meeting Details
The Board of Directors of Bandhan Bank Limited approved the ESOP grant at its meeting held on September 05, 2026. The meeting commenced at 10:00 A.M. and concluded at 07:05 P.M.
ESOP Grant Details
- Number of options granted: 1,04,87,996 equity stock options
- Face value: Rs. 10 each
- Grant price: Rs. 164.95 per option
- Plan: Bandhan Bank Employee Stock Option Plan Series 1 - Tranche 8
- Recipients: Eligible employees of the Bank
Regulatory Framework
The ESOP Series 1 has been formulated and approved by Shareholders pursuant to SEBI (Share Based Employee Benefits) Regulations, 2014, which has been replaced by SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (SEBI SBEBSE).
Share Coverage
Total number of shares covered by these options: 1,04,87,996 equity shares of Rs. 10 each. Each stock option carries the right to apply for and be allotted 1 (one) equity share.
Pricing Formula
The grant price of Rs. 164.95 was determined based on the latest available closing price prevailing on the National Stock Exchange of India Limited from Friday, September 04, 2026, which was the trading day immediately preceding the grant approval date.
Vesting Schedule
The ESOPs shall vest in four equal annual tranches:
- 25% of options vest on completion of one year from date of grant
- 25% of options vest on completion of two years from date of grant
- 25% of options vest on completion of three years from date of grant
- 25% of options vest on completion of four years from date of grant
Exercise Period
The exercise period shall be a maximum of five years from the date of respective vesting of Options.
Additional Information
- Significant terms: Not applicable
- The disclosure has been simultaneously uploaded at the Bank's website www.bandhan.bank.in
- The disclosure references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, last updated on January 30, 2026