Ujjivan Small Finance Bank Limited has made a regulatory disclosure regarding employee stock option grants approved by the Nomination and Remuneration Committee of the Board on October 16, 2026.
Options Grant Details
The Committee approved the grant of:
- 1,32,77,429 options under the Bank's ESOP Scheme 2019
- 2,44,111 options under the Bank's RSU Plan 2026
Scheme Compliance
Both schemes are in terms of SEBI (SBEB and Sweat Equity) Regulations, 2021.
Share Coverage
Each granted option, upon vesting, confers the right to exercise and subscribe for 1 fully paid equity share of the Bank for both ESOP and RSU plans.
Pricing Formula
ESOP Scheme 2019: Exercise price of ₹64.50, which is the closing price on the previous trading day immediately preceding the date of grant (October 15, 2026). This price was determined as per the Ujjivan Small Finance Bank - Employee Stock Option Plan 2019, being the lower of the last trading price quoted on NSE on October 15, 2026 or the 3-month average of the volume weighted average price of the Bank's shares.
RSU Plan 2026: Exercise price of ₹10 (Face Value). As per Ujjivan Restricted Stock Units Plan - 2026, the exercise price shall be the face value of the Share as on the date of Exercise of RSU.
Vesting Schedule
Both plans follow an identical 4-year graded vesting schedule:
- Year 1: 20%
- Year 2: 20%
- Year 3: 30%
- Year 4: 30%
For the RSU Plan 2026, vesting will be subject to the vesting conditions as prescribed under the RSU Plan 2026.
Exercise Period
For both plans, options may be exercised within 5 years from the date of respective vesting.
Additional Information
The disclosure was signed by Sanjeev Barnwal, Company Secretary & Head of Regulatory Framework, and will be available on the Bank's website at www.ujjivansfb.bank.in.
Financial Impact
No specific financial impact quantification is provided in the disclosure regarding dilution, expense recognition, or cash flow implications.