Grant of Stock options under CSB Bank Employee Stock Option Scheme 2026
The Nomination & Remuneration Committee of CSB Bank Limited approved the grant of 177,276 stock options to the Whole-time Directors of the Bank under the CSB Bank Employee Stock Option Scheme 2026. These options are exercisable into an equivalent number of equity shares of face value of ₹10 each, fully paid-up, at an exercise price of ₹304.75 per equity share.
The grant represents part of the variable pay for the performance period from April 1, 2025, to March 31, 2026, and was made in line with approval received from the Reserve Bank of India on August 19, 2026.
The scheme has been formulated and approved by shareholders pursuant to the provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and complies with SEBI Master Circular No. SEBI/HO/49/14/14(7) 2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Key Terms:
- Exercise Price: ₹304.75 per option
- Pricing Formula: Based on the latest available closing price prevailing on the National Stock Exchange of India Limited (NSE) on Thursday, October 1, 2026, being the previous trading day immediately preceding the grant approval date
- Vesting Schedule:
- 25% of options vest on completion of 12 months from grant date (October 5, 2027)
- 25% of options vest on completion of 24 months from grant date (October 5, 2028)
- 25% of options vest on completion of 36 months from grant date (October 5, 2029)
- Balance options vest on completion of 48 months from grant date (October 5, 2030)
- Exercise Period: Within 3 years from date of vesting while continuing employment/service
Committee Meeting Details:
The meeting of the Nomination and Remuneration Committee was held on October 5, 2026, commencing at 11:00 a.m. and concluding at 11:20 a.m.
Additional Information:
This intimation has been made available on the bank's website at www.csb.bank.in.