Federal Bank Limited has made an allotment of equity shares to employees upon exercise of stock options under three different employee stock option schemes. The allotment was approved by the Bank's Nomination, Remuneration, Ethics and Compensation Committee and occurred on October 25, 2026.
Quantitative Figures
The bank allotted a total of 111,880 equity shares with a face value of ₹2 each:
- 20,875 equity shares under ESOS 2010 Scheme
- 87,940 equity shares under ESOS 2017 Scheme
- 3,065 equity shares under ESIS 2023 Scheme
Transaction Details
The shares were allotted after payment was received from the option grantees. The disclosure was made to both National Stock Exchange of India Limited and BSE Limited through their corporate services departments.