This is a regulatory disclosure submitted to the National Stock Exchange of India Ltd. and BSE Ltd. pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made in response to a BSE email dated August 21, 2026, requesting additional details for a corporate announcement made on August 20, 2026 (Letter No. SEC/ST.EX.STT/80/2026-27).

Nature of the Event

The Board of Directors of The South Indian Bank Ltd., at its meeting held on August 20, 2026, decided to grant Employee Stock Options (ESOPs).

Key Quantitative Figures

  • Number of Options Granted: 27,36,230 options
  • Tranche: Tranche 21 of the SIB ESOS Scheme- 2008
  • Option Premium (Black Scholes Model): ₹30.96 per option
  • Exercise Price: ₹22.50 per share
  • Market Price Reference: ₹45.00 (NSE Closing Price on August 19, 2026)
  • Discount on Market Price: 50%
  • Potential Shares Issuable: 27,36,230 shares of face value Re.1 each (if all options are fully exercised)

Parties Involved

  • Issuing Company: The South Indian Bank Ltd.
  • Regulators: Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI)
  • Stock Exchanges: National Stock Exchange of India Ltd. (NSE), BSE Ltd. (BSE)
  • Committee: The Bank's Nomination and Remuneration Committee recommended the grant to the Board on its meeting held on August 20, 2026.

Purpose / Rationale

The options were granted to eligible employees as part of their non-cash variable pay/incentive for the Financial Year 2025-26.

Vesting and Exercise Schedule

  • Vesting Schedule:
  • 30% of options vest after completion of 12 months from the date of grant.
  • 30% of options vest after completion of 24 months from the date of grant.
  • 40% of options vest after completion of 36 months from the date of grant.
  • Exercise Window: Options may be exercised within 5 years from their respective vesting dates.

Other Significant Terms

All terms and conditions are governed by the SIB ESOS Scheme 2008. The number of options was calculated using the Black-Scholes option pricing model as per RBI guidelines. The option premium of ₹30.96 was computed by a Registered Valuer.

Capital Structure Impact

If all 27,36,230 options are exercised, the bank's equity share capital will increase by 27,36,230 shares of Re.1 face value each. The disclosure states that diluted earnings per share (EPS) information is "N.A." (Not Applicable/Not Available) at this time.

Additional Information

The disclosure and its annexure have been hosted on the Bank's website (www.southindianbank.bank.in) as required by listing regulations.