Approval and Date

The Nomination & Remuneration Committee (NRC) of Fino Payments Bank Limited approved the grant of stock options via circular resolution dated July 01, 2026, in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Grant Details

ESOP 2020 Policy Grant

  • Number of stock options granted: 175,178
  • Exercise price per option: ₹143.29
  • Pricing basis: Based on the previous day's closing price (June 30, 2026) at the National Stock Exchange of India, where the highest volumes of the Bank's shares were traded
  • Share conversion: Each option carries the right to apply for and be allotted 1 equity share of face value ₹10
  • Maximum potential equity issuance: 175,178 equity shares of ₹10 each

ESOP 2023 Policy Grant

  • Number of stock options granted: 185,008
  • Exercise price per option: ₹107.47
  • Pricing basis: 25% discount on market price (previous day's closing price at NSE where highest volumes were traded), which shall not be less than face value
  • Share conversion: Each option carries the right to apply for and be allotted 1 equity share of face value ₹10
  • Maximum potential equity issuance: 185,008 equity shares of ₹10 each

Vesting Schedule

ESOP 2020 Vesting

  • Year 1 from date of grant: Nil
  • Year 2 from date of grant: 33.33% of options granted
  • Year 3 from date of grant: 33.33% of options granted
  • Year 4 from date of grant: Balance 33.33% of options granted

ESOP 2023 Vesting

  • End of 1st Year from date of grant: 33.33% of options granted
  • End of 2nd Year from date of grant: 33.33% of options granted
  • End of 3rd Year from date of grant: Balance 33.33% of options granted

Exercise Period

For both ESOP 2020 and ESOP 2023:

  • While in employment: 5 years from date of vesting
  • Post-resignation: 3 years from date of last working day with the Bank

Administrative Details

  • Both ESOP 2020 and ESOP 2023 are administered by the Nomination & Remuneration Committee
  • The NRC decides the quantum of options to be granted to each eligible employee and eligibility criteria
  • Upon valid exercise of vested options, each option entitles the employee to 1 equity share of the Bank

Current Status

  • Options exercised: Not applicable under said grant
  • Money realized by exercise of options: Not applicable under said grant
  • Options lapsed: Not applicable under said grant
  • Variation of terms: Not applicable under said grant
  • Diluted EPS impact: Not applicable under said grant

Additional Information

The disclosure will be available on the Bank's website at www.fino.bank.in.

Signature date: July 01, 2026