Ujjivan Small Finance Bank Limited has intimated the stock exchanges about the approval of a new Employee Stock Option Plan (ESOP) grant. The Nomination and Remuneration Committee (NRC) of the Board approved this grant on July 15, 2026.
Key Details of the ESOP Grant:
- Total Options Granted: 1,54,438 options
- ESOP Scheme: Bank ESOP Scheme 2019
- Exercise Price: ₹57.50 per share
- Pricing Formula: The exercise price was determined as the lower of:
- The last trading price quoted on NSE on July 14, 2026 (previous trading day's closing price)
- The 3-month average of the volume-weighted average price of the Bank's shares
- Share Conversion: Each option, upon vesting, confers the right to exercise and subscribe for 1 fully paid equity share of the Bank
Vesting Schedule:
The options vest over a four-year period with the following graded schedule:
- Year 1: 20% of granted options
- Year 2: 20% of granted options
- Year 3: 30% of granted options
- Year 4: 30% of granted options
Exercise Period: Options may be exercised within 5 years from the date of their respective vesting.
Regulatory Compliance:
- The scheme is in compliance with SEBI (SBEB and Sweat Equity) Regulations, 2021
- This intimation is made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Reference is made to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
Additional Announcements
The filing serves solely as an intimation of the ESOP grant approval. No other corporate updates or announcements were included in this regulatory filing.