Bandhan Bank Limited's Nomination and Remuneration Committee (NRC) granted 18,75,514 Employee Stock Options (ESOPs) on October 15, 2026. Each option carries the right to apply for and be allotted one equity share of face value of ₹10 each. The options were granted at an exercise price of ₹168.58 (Rupees One Hundred Sixty-Eight and Fifty-Eight Paisa Only) per option.
The grant was made under the 'Bandhan Bank Employee Stock Option Plan Series 1' - specifically Tranche 9 of this plan. The ESOP Series 1 plan has been formulated and approved by the Bank's shareholders pursuant to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (SEBI SBEBSE).
The pricing formula followed SEBI SBEBSE regulations and the ESOP Series 1 plan, using the latest available closing price from the National Stock Exchange of India Limited from Wednesday, October 14, 2026, which was the trading day immediately preceding the grant approval date.
Vesting Schedule:
- 25% of options vest upon completion of one year from grant date
- 25% of options vest upon completion of two years from grant date
- 25% of options vest upon completion of three years from grant date
- 25% of options vest upon completion of four years from grant date
The exercise period for vested options is a maximum of five years from the respective vesting dates.
Additional Announcements:
No additional corporate updates were included in this filing.