Kotak Mahindra Bank allotted 661,620 equity shares upon employee stock option exercises across multiple schemes.
The allotment was approved by the Large Expenditure and Share Transfer Committee on July 14, 2026.
Shares were issued under Kotak Mahindra Equity Option Scheme 2015 and 2023 series with various tranches.
The allotment increases the bank's paid-up capital through employee compensation plan implementation.