Federal Bank Limited has made allotments of equity shares to option grantees following the exercise of stock options under three separate employee stock option schemes. The allotments were approved by the Nomination, Remuneration, Ethics and Compensation Committee and occurred on August 3, 2026.
Allotment Details
- ESOS 2010 Scheme: 13,876 equity shares with face value of ₹2 each were allotted
- ESOS 2017 Scheme: 691,875 equity shares with face value of ₹2 each were allotted
- ESIS 2023 Scheme: 13,315 equity shares with face value of ₹2 each were allotted
Total Allotment
The bank allotted a total of 719,066 equity shares across all three schemes, with a total face value of ₹1,438,132.