The Nomination and Remuneration Committee of RBL Bank Limited, at its meeting held on October 12, 2026 (Grant Date), approved the grant of 56,51,643 stock options convertible into an equal number of equity shares of face value ₹10 each to eligible employees.
Key Details:
- Total ESOPs granted: 56,51,643 options (convertible to 56,51,643 equity shares)
- Face value per share: ₹10
- Exercise price per option: ₹418.00
- Pricing basis: Latest available closing price on October 09, 2026 (previous trading day) on NSE, which recorded higher trading volume
Vesting Schedule:
- 30% vesting at end of first year
- 30% vesting at end of second year
- 40% vesting at end of third year
Exercise Period: Options are exercisable within five years from the date of vesting, subject to terms and conditions of the ESOP plans.
ESOP Plans: The grant was made under the Bank's Employee Stock Option Plan 2013 (ESOP 2013) and Employee Stock Option Plan 2018 (ESOP 2018), both formulated based on SEBI (Share Based Employee Benefits and Sweat Equity) Regulations and amended to align with the 2021 regulations.
Regulatory Compliance: The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is being hosted on the Bank's website at www.rbl.bank.in in compliance with Regulation 46(2) of the Regulations.
Additional Information: The shares will rank pari-passu with existing equity shares. The company's CIN is L65191PN1943PLC007308.
Additional Announcements:
No additional corporate updates were provided in this filing.