Key Quantitative Figures
- Number of options granted: 13,02,379 equity stock options
- Face value: Re. 1 per option
- Grant price: Rs. 692.80 per option
- Each option convertible into one equity share upon vesting and exercise
Dates of Action
- Grant date: October 24, 2026
- Vesting schedule: Four stages over 48 months from grant date
- 25% rounded to nearest 100 after 12 months
- 25% rounded to nearest 100 after 24 months
- 25% rounded to nearest 100 after 36 months
- Balance after 48 months
- Exercise period: Vested options must be exercised within 4 years from respective vesting dates
Parties Involved
- Granting authority: Governance, Nomination and Remuneration Committee (GNRC) of HDFC Bank Limited
- Regulatory framework: SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Scheme: Employees' Stock Option Scheme ESOS – Plan H-2024 (ESOS 065)
Consequences of Non-Exercise
Options that are not exercised within the 4-year period from respective vesting dates shall lapse forthwith.