Key Decisions and Historical Context

  • The Shareholders of the Bank approved the CSFB Limited - Employees Stock Option Plan 2023 (CSFB ESOP 2023) in their Extraordinary General Meeting held on May 12, 2023.
  • The NRC initially granted 6,82,000 (Six Lakh Eighty-Two Thousand) Stock Options to eligible employees on September 12, 2023, prior to the Bank's IPO.
  • The Bank's equity shares were listed on BSE Limited and National Stock Exchange of India Limited on February 14, 2024.
  • No additional ESOP grants have been made post-listing.

Current ESOP Status and Vesting Details

  • Total outstanding options for which in-principle approval was obtained from stock exchanges: 6,80,500 (Six Lakh Eighty Thousand Five Hundred) Options of face value ₹10 each.
  • In-principle approval for these options was received on August 23, 2024.
  • The approved vesting schedule:
  • September 30, 2025: 40% vesting
  • September 30, 2026: 60% vesting

Previous Vesting Action

  • On October 29, 2025, the NRC approved vesting of 40% of 6,19,000 options (2,47,600 Options) granted on September 12, 2023.

Current Vesting Approval

  • On October 28, 2026, the NRC approved vesting of 60% of 6,19,000 options (3,71,400 Options) granted on September 12, 2023.
  • The vested options shall be exercisable by eligible employees in accordance with CSFB ESOP 2023 terms.

Regulatory Compliance Details

| Particular | Details |

| Brief details of options granted | 6,82,000 Options granted on September 12, 2023; In-principle approval for 6,80,500 Options received on August 23, 2024 |

| SEBI Compliance | Scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 |

| Total shares covered | 6,19,000 Equity Shares of ₹10 each |

| Exercise Price | ₹171 per share |

| Vesting schedule | 60% vested on September 30, 2026 |

| Exercise period | One year from respective vesting dates |

| Money realized by exercise | Not applicable (pertaining to vesting only) |

| Total shares from exercise | 6,19,000 Equity Shares (if all options exercised) |

| Options lapsed | Not applicable (pertaining to vesting only) |

| Terms variation | Not applicable |

| Significant terms | Administered by NRC; Based on eligibility criteria; Vested options entitle holders to acquire equity shares upon payment of exercise price and taxes |

| Subsequent changes | Not applicable (pertaining to vesting only) |

| Diluted EPS impact | Not applicable (pertaining to vesting only) |

Meeting Details

The NRC meeting commenced at 12:30 p.m. and concluded at 1:20 p.m. on October 28, 2026.

Additional Information

This intimation is available on the Bank's website at www.capital.bank.in