Key Quantitative Figures

The Nomination and Remuneration Committee (NRC) approved the grant of 2,46,026 Employee Stock Options on September 21, 2026.

  • Each ESOP has a face value of ₹10
  • Grant price per ESOP: ₹195.53 (Rupees One Hundred Ninety-Five and Fifty-Three paise)
  • Total potential equity shares upon full exercise: 2,46,026 equity shares of ₹10 each

Dates of Action

The NRC approval was granted on September 21, 2026.

The Suryoday ESOP Scheme-2019 was originally approved by members at the Annual General Meeting held on September 26, 2019, with subsequent amendments approved at meetings on July 27, 2020, September 20, 2021, September 12, 2024, and most recently on August 06, 2026.

Parties Involved

  • Grantor: Suryoday Small Finance Bank Limited
  • Recipients: Eligible employees of the Bank
  • Approving authority: Nomination and Remuneration Committee of the Board
  • Regulatory references: SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Pricing Formula

The grant/exercise price is determined as the previous day's closing price on the stock exchange with the highest trading volumes (Fair Market Price). If the Fair Market Price is lower than the Book Value based on the last Audited Results, then the Book Value becomes the grant/exercise price.

Vesting Terms

  • Minimum vesting period: 1 year between grant date and vesting
  • Maximum vesting period: 5 years from grant date
  • Vesting subject to continued employment and compliance with scheme terms
  • Performance-based vesting possible based on parameters determined by the Compensation Committee
  • Specific vesting schedule outlined in individual grant letters

Exercise Terms

  • Exercise period: 5 years from date of vesting
  • 4 exercise windows per financial year, each open for minimum 10 days
  • Unexercised options lapse after 5 years from vesting date
  • In case of resignation (without misconduct), unvested options expire while vested options remain exercisable for 90 days from last service date or until end of exercise period, whichever is earlier

Additional Information

The disclosure is also available on the Bank's website at https://suryoday.bank.in/investorcorner/#disclosure-to-stock-exchanges.