Nature of the Disclosure

This is an intimation submitted by RBL Bank Limited to the BSE Limited and the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Key Event: ESOP Grant Approval

The Nomination and Remuneration Committee of RBL Bank Limited, at its meeting held on June 05, 2026 (designated as the Grant Date), approved the grant of stock options to eligible employees.

Key Quantitative Figures

  • Number of Options Granted: 1,59,000 stock options
  • Equity Shares: Each option is convertible into one equity share of face value ₹10 each, resulting in a potential issuance of 1,59,000 equity shares.
  • Exercise Price: ₹353.75 per option

Pricing Formula

The Exercise Price is defined as the latest available closing price on the previous trading day prior to the Grant Date on the Recognized Stock Exchange which recorded the higher trading volume. The National Stock Exchange of India Limited (NSE) was used for this calculation, with a closing price of ₹353.75 on June 04, 2026.

Vesting and Exercise Schedule

  • Vesting Schedule: The options will vest in a graded manner over three years:
  • 30% at the end of the first year
  • 30% at the end of the second year
  • 40% at the end of the third year
  • Exercise Period: The options are exercisable within a period of five years from their respective dates of vesting.

Governing Plans and Regulations

The grant is made under the Bank's Employee Stock Option Plan 2013 (ESOP 2013) and Employee Stock Option Plan 2018 (ESOP 2018), which were approved by shareholders. The plans were formulated based on and are in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Parties Involved

  • Grantor: RBL Bank Limited
  • Approving Body: The Bank's Nomination and Remuneration Committee
  • Recipients: Eligible employees of the Bank (specific names or numbers not disclosed)
  • Stock Exchange for Pricing: National Stock Exchange of India Limited (NSE)

Financial and Capital Structure Impact

A maximum of 1,59,000 new equity shares may be issued upon the exercise of all options, which would result in a marginal dilution of the Bank's share capital. The exact financial impact on the Bank's earnings (e.g., ESOP compensation cost) is not quantified in this disclosure.