The Committee of Directors (Operations) approved the allotment of 42,250 equity shares, each with a face value of ₹10. The allotment was approved on September 15, 2026.
The shares were allotted due to the exercise of vested stock options by grantees under two employee stock option schemes: 'Fedbank Financial Services Limited - Employees Stock Option Scheme – 2018' (ESOS 2018) and 'Fedbank Financial Services Limited - Employees Stock Option Scheme – 2024' (ESOS 2024).
Financial and Capital Structure Impact
As a result of this allotment, the company's paid-up equity share capital has increased. The capital change is detailed below:
- Pre-allotment capital: ₹3,75,09,95,320, consisting of 37,50,99,532 equity shares of ₹10 each.
- Post-allotment capital: ₹3,75,14,17,820, consisting of 37,51,41,782 equity shares of ₹10 each.
Terms of the Allotment
The newly allotted 42,250 equity shares will rank pari-passu (equal in all respects) with the existing equity shares of the company.
Next Steps
The company has stated it is in the process of completing the necessary formalities for listing the newly allotted equity shares on the stock exchanges.