CSB Bank Grants Stock Options Under Employee Scheme 2019 to Eligible Staff
CSB Bank Ltd. announced that its Nomination and Remuneration Committee has approved the grant of stock options to an eligible employee under the CSB Employee Stock Option Scheme 2019. The decision was made during a meeting held on July 22, 2026.The bank granted 61,565 stock options, which are exercisable into up to 61,565 equity shares of the Bank at a face value of Rs. 10/- each. The exercise price for these options was set at Rs. 370.00 per equity share.
The pricing formula specified that the grant was based on the latest available closing price recorded on Tuesday, July 21, 2026, which was the previous trading day immediately preceding the committee's approval.
Key details regarding the stock option grant include:
| Feature | Detail |
|---|---|
| Total Options Granted | 61,565 options to an eligible employee of the Bank. |
| Shares Covered | 61,565 fully paid-up equity shares of the Bank (face value Rs. 10/- each). |
| Exercise Price per Option | Rs. 370.00 |
| Pricing Basis | Latest closing price on NSE on July 21, 2026. |
Vesting and Tenure
The vested period for the options is structured as follows:- One quarter of the options (25%) shall vest after 12 months from the grant date, specifically on July 22, 2027.
- A second quarter (25%) shall vest upon completion of 24 months from the grant date, scheduled for July 22, 2028.
- The third quarter (25%) shall vest after 36 months, scheduled for July 22, 2029.
- The remaining options will vest upon completion of 48 months, set for July 22, 2030.
Employees holding the options retain a period to exercise them. While continuing employment or service, the option may be exercised within three years from the date of vesting. The exercise period in cases of separation is determined according to the scheme terms.
CSBBANK Stock Price Movement
Shares of CSB BANK LIMITED are edging higher to ₹370.9 as of the 9:06 AM pre-open session, reflecting a rise of 0.24% in early trading. The positive movement indicates bullish sentiment toward the bank's stock as investors await the start of the active market.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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