The Nomination and Remuneration Committee of Ujjivan Small Finance Bank Limited approved the grant of 30,53,414 employee stock options under the Bank's ESOP Scheme 2019 on September 28, 2026.
Key Details of ESOP Grant:
- Total Options Granted: 30,53,414 options
- Exercise Price: ₹64.71 per share
- Pricing Formula: The exercise price was determined as the lower of:
- The closing price on the National Stock Exchange (NSE) on the previous trading day immediately preceding the date of grant (September 25, 2026)
- The 3-month volume weighted average price of the Bank's shares
- Vesting Schedule:
- Year 1: 20% vesting
- Year 2: 20% vesting
- Year 3: 30% vesting
- Year 4: 30% vesting
- Exercise Period: Options may be exercised within 5 years from the date of respective vesting
- Share Conversion: Each vested option confers the right to subscribe for 1 fully paid equity share of the Bank
Regulatory Compliance:
- The scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- The disclosure 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 Information:
- The intimation was digitally signed by Sanjeev Barnwal, Company Secretary & Head of Regulatory Framework
- The document reference number is USFB/CS/SE/2026-27/89
- The information will be available on the Bank's website at www.ujjivansfb.bank.in
Additional Announcements:
The filing includes a mention that Ujjivan Small Finance Bank was ranked 8th among India's Top 100 Best Companies To Work For in 2026.