CSB Bank Approves Employee Stock Option Scheme 2026
CSB Bank Limited announced the approval of its Employee Stock Option Scheme 2026 (ESOS 2026), following the review and recommendation by the Nomination and Remuneration Committee (NRC). The scheme was approved by the Board of Directors during a meeting held on June 25, 2026.The ESOS 2026 provides options to eligible employees of the Bank. While the scheme has been approved by the Board, it remains subject to the subsequent approval of the Bank’s members. The Nomination and Remuneration Committee (NRC) will serve as the Compensation Committee for the supervision and administration of the ESOS 2026.
The scope and structure of the stock options are detailed below:
| Parameter | Detail |
|---|---|
| Total Options Proposed | Not to exceed 20,00,000 (Twenty lakh) |
| Shares Covered by Options | 20,00,000 fully paid-up shares |
| Eligibility | Eligible employees of the Bank |
Key Terms and Conditions of ESOS 2026
The scheme outlines specific terms regarding option pricing and vesting periods. The Exercise Price per Option will be determined by the NRC and must not be less than the face value of Shares as on the Grant Date.The Market Price for determining the grant is defined as the latest available closing price on a recognized Stock Exchange immediately prior to the meeting date on which the Grant is made.
Options granted under this scheme are subject to strict vesting schedules, as detailed in the operational terms:
| Aspect | Requirement / Detail |
|---|---|
| Minimum Vesting Period | Statutory minimum of 1 year from the Grant Date. |
| Staggered Vesting Schedule | Prescribed for any grant over a period of 3 years and maximum of 10 years from the Grant Date. |
| Exercise Period | A period starting from the relevant Vesting date, ending after 10 years or an earlier period approved by the Committee. |
The scheme is designed to offer options in one or more tranches from time to time, with the total number of stock options not exceeding 20,00,000.
CSBBANK Stock Price Movement
As of 3:25 PM, shares of CSB Bank Limited are slipping by 5.86% in live trading, currently at ₹323.6 as the market moves. This heavy decline pushes the stock down to its 52-week low, with over 1.62 million shares traded so far into the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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