Nature of Disclosure: Regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular dated January 30, 2026, regarding the grant of employee stock options.
Key Quantitative Figures: The Nomination & Remuneration Committee approved the grant of 1,10,000 (One lakh and Ten thousand) stock options to an eligible employee. The exercise price is ₹79.28 (Rupees Seventy nine and two eight paise) per share.
Dates of Action: The committee meeting was held on July 21, 2026, commencing at 12:00 Noon and concluding at 01:30 P.M. The vesting period begins from this approval date.
Pricing Formula: The options were granted at market price as defined in SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, specifically the closing price as on July 20, 2026, which was ₹79.28.
Vesting Terms: The stock options will vest subject to the terms of ESFB ESOS - 2019:
- Vesting period: After 1 year from the date of grant approval (July 21, 2026)
- Vesting criteria: Continuance of service
- 100% of the total options shall vest if the employee remains with the bank
Exercise Period: The options may be exercised within three years from the date of vesting.
Share Characteristics: The shares arising from these options will rank pari-passu with existing equity shares in all aspects, including dividend rights.
Regulatory Compliance: The grant is governed by the terms and conditions of ESFB Employees Stock Option Scheme, 2019, which is in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Additional Disclosures: The filing indicates that sections g through n (Options exercised, Money realized, Total shares from exercise, Options lapsed, Variation of terms, Brief details of significant terms, Subsequent changes, Diluted EPS) are marked as "Not Applicable" at this time.
Authorized Signatory: The disclosure was digitally signed by NATARAJAN RAMANATHAN, Company Secretary, on July 21, 2026 at 13:33:56 +05'30'.