Approving Authority: Compensation and Nomination & Remuneration Committee
Number of Stock Options Granted: 22,500 options
Number of Eligible Employees: 4 employees
Equity Conversion: Each option is convertible into one equity share of the Bank upon exercise, totaling potential 22,500 equity shares
Terms of the Grant
Grant Price: ₹1032.85 per share
Price Determination: Based on the closing price on the National Stock Exchange (NSE) on Monday, July 20, 2026 (previous trading day), which was the stock exchange with the highest trading volume
Vesting Period: 3 years from date of grant
Vesting Schedule: 33% after first year, 33% after second year, and 34% after third year
Exercise Period: 5 years from the date of vesting for each tranche
Regulatory Compliance and Disclosure
The disclosure is made under Regulation 30 of SEBI Listing Regulations
A copy of the letter has been hosted on the Bank's website at www.indusind.bank.in
