CSB Bank Grants 61,565 ESOPs at ₹370/Share

Date: July 22, 2026

ESOP Grant Details

• Number of Options Granted: 61,565 stock options to one eligible employee
• Under Scheme: CSB Employee Stock Option Scheme 2019
• Equity Shares: Options exercisable into not more than 61,565 equity shares of face value of ₹10 each
• Exercise Price: ₹370.00 (Rupees Three hundred seventy Only) per equity share

Pricing Formula

The exercise price was determined using the latest available closing price prevailing on the National Stock Exchange of India Limited (NSE) on Tuesday, July 21, 2026 (the previous trading day immediately preceding the grant approval date). NSE was selected as it recorded the highest trading volumes in the Bank's equity shares.

Vesting Schedule

The options shall vest as follows:

• 25% of options granted (rounded to nearest 100) vest after 12 months from grant date (July 22, 2027)
• 25% of options granted (rounded to nearest 100) vest after 24 months from grant date (July 22, 2028)
• 25% of options granted (rounded to nearest 100) vest after 36 months from grant date (July 22, 2029)
• Balance options granted vest after 48 months from grant date (July 22, 2030)

Exercise Period

• While continuing employment/service: Options may be exercised within 3 years from the date of vesting
• In case of separations: Exercise period will be as per the Scheme provisions

Committee Meeting Details

The meeting of the Nomination and Remuneration Committee commenced at 08:30 a.m. and concluded at 08:55 a.m. on July 22, 2026.

Other Terms

All other terms and conditions are as per the CSB Employee Stock Option Scheme 2019.