The Committee approved the grant of 3,561 equity shares of face value ₹10 each to Mr. Santosh Kumar Dhawan, Chief Advisor (Credit & Recovery), who was designated as Material Risk Taker for Financial Year 2025-2026. This grant forms part of his variable pay compensation for FY 2025-26.
Key Details of ESOP Grant:
- Total Shares Granted: 3,561 equity shares of face value ₹10 each
- Exercise Price: ₹10 per share
- Vesting Schedule:
- Vesting 1: 1,187 equity shares (1/3rd) on August 24, 2027
- Vesting 2: 1,187 equity shares (1/3rd) on April 30, 2028
- Vesting 3: 1,187 equity shares (1/3rd) on April 30, 2029
- Exercise Period: One year from the date of respective vesting of the equity shares
The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure specifically references SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023, and notes that requirements under Clause 10 (g) to (n) of Para B of Annexure 1 of said circular are not applicable.
The meeting commenced at 3:30 PM and concluded at 3:41 PM on August 24, 2026.
The intimation was signed by Amit Sharma, Company Secretary & Compliance Officer (Membership No. F10888), and will be available on the bank's website at www.capital.bank.in.