Karnataka Bank Limited has made a regulatory disclosure regarding the allotment of equity shares under its employee stock option scheme.
Nature of Disclosure: The bank has allotted equity shares to employees who exercised their vested options under the KBL Employees Stock Option Scheme 2018. This is a routine corporate action disclosure made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Quantitative Figures:
- Number of shares allotted: 40,389 equity shares
- Face value per share: ₹10 each
Dates:
- Allotment date: August 28, 2026 (today as per document date)
Approval Authority: The allotment was approved by the Managing Director & CEO of the bank.
Scheme Details: The shares were allotted under the KBL Employees Stock Option Scheme 2018 (ESOS 2018) to employees/grantees who exercised their vested options.
Regulatory References: The disclosure is made pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Impact: The disclosure does not quantify the financial impact of this ESOP allotment on the bank's financials or capital structure.
Capital Structure Impact: While the number of shares allotted is specified (40,389), the disclosure does not provide pre-allotment or post-allotment share capital figures, nor does it specify the resulting dilution percentage.
Parties Involved: The allotment was made to employees/grantees under the ESOP scheme. The disclosure was signed by Sham K, Company Secretary & Compliance Officer.