Kotak Mahindra Bank Limited has allotted a total of 2,25,250 equity shares of Re. 1/- each upon exercise of Employee Stock Options under the Kotak Mahindra Equity Option Scheme 2015 and Kotak Mahindra Equity Option Scheme 2023. The allotment was approved by the Large Expenditure and Share Transfer and Other Matters Committee of the Bank on September 19, 2026.
The breakdown of shares allotted by ESOP scheme series/tranche is as follows:
- ESOP Scheme Series 2015/34 (4th Tranche): 60,415 equity shares
- ESOP Scheme Series 2015/40 (3rd Tranche): 42,480 equity shares
- ESOP Scheme Series 2023/03 (2nd Tranche): 1,14,360 equity shares
- ESOP Scheme Series 2023/07 (1st Tranche): 7,995 equity shares
- Total: 2,25,250 equity shares
Consequently, the Paid-up Share Capital of the Bank has increased from 9,94,76,56,028 equity shares of Re. 1/- each to 9,94,78,81,278 equity shares of Re. 1/- each, representing an increase of 2,25,250 shares.
The shares rank pari-passu with the existing equity shares of the company. The allotment complies with SEBI (Share Based Employee Benefits) Regulations, 2014, and other applicable provisions.
Additional Announcements:
The filing serves as a formal intimation to the stock exchanges (BSE Limited, National Stock Exchange of India Limited, India International Exchange (IFSC) Limited, and NSE IFSC Limited) for dissemination on their websites. No other corporate updates were included in this filing.
Compliance Details:
- Company CIN: L65110MH1985PLC038137
- Company Secretary: Avan Kayomars Doomasia
- Date of Signing: September 19, 2026