Key Quantitative Figures

  • Number of options granted: 1,65,000 stock options
  • Exercise price per option: ₹155.10
  • Total shares covered: 1,65,000 equity shares

Dates of Action

  • Grant approval date: October 23, 2026 (by Nomination and Remuneration Committee)
  • Price reference date: October 22, 2026 (for exercise price calculation)

Parties Involved

  • Granting authority: Nomination and Remuneration Committee of Fedbank Financial Services Limited
  • Recipients: Few eligible employees of the Company
  • Regulatory references: SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Pricing Formula

The exercise price of ₹155.10 per option was determined as the average of the opening and closing price on the National Stock Exchange of India Limited where maximum number of shares were traded on October 22, 2026.

Vesting and Exercise Terms

  • Vesting period: Options vest not earlier than 1 year and not later than 4 years from the date of grant
  • Exercise period: Options may be exercised within 3 years from the date of vesting

Significant Terms and Conditions

  • The ESOS-2024 scheme is administered by the Nomination and Remuneration Committee
  • No lock-in period on equity shares arising from exercise of stock options
  • Equity shares from exercised options will rank pari-passu with all other equity shares of the Company
  • The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Financial Impact

  • Diluted earnings per share impact: Not Applicable (as per current disclosure)
  • Money realized by exercise of options: Not disclosed
  • Total number of shares arising from exercise: Not Applicable