IDFC FIRST Bank Limited disclosed the grant of stock options under its Employee Stock Option Scheme through a regulatory filing under Regulation 30 of the SEBI (LODR) Regulations, 2015.
The Nomination & Remuneration Committee (NRC) approved the grant of 98,00,000 (9.8 million) stock options at its meeting held on October 21, 2026. The options were granted to new joiners and eligible employees pursuant to their respective employment offers.
The primary purposes of the grant are to reward, incentivize, and retain talent based on their performance. The grant price was determined by the NRC in compliance with the SEBI (SBEB) Regulations, 2021.
Executive Board members are specifically excluded from this grant.
The vesting schedule specifies equal vesting over a 4-year period (25% each year). The exercise period for vested options is 3 months from the date of respective vesting.
The NRC meeting commenced at 11:30 a.m. and concluded at 02:10 p.m. on October 21, 2026.
The disclosure was signed by Satish Gaikwad, General Counsel and Company Secretary of IDFC FIRST Bank Limited, on October 21, 2026 at 14:33:49 IST.