Equitas Small Finance Bank Grants 1,10,000 Stock Options Under Employee Scheme
Equitas Small Finance Bank Ltd has approved the grant of stock options to an eligible employee as part of the ESFB Employee Stock Option Scheme, 2019. The Nomination and Remuneration Committee of the Bank approved the grant on July 21, 2026.The grant encompasses 1,10,000 stock options at an exercise price of Rs.79.28 per share. The shares resulting from these grants will rank pari-passu with existing equity shares in all aspects, including dividend. The scheme adheres to the terms outlined in SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The options are subject to specific vesting criteria and timelines. Vesting is scheduled one year from the date of approval (July 21, 2026), provided the employee continues their service with the Bank. Upon full vesting, the employee will have a period of three years from the vesting date to exercise the options.
The key details regarding the granted stock options are summarized below:
| Detail | Specification |
|---|---|
| Options Granted | 1,10,000 Stock options |
| Exercise Price | Rs.79.28 per share |
| Shares Per Option | One equity share of Rs.10/- each |
| Vesting Period | After one year from July 21, 2026 |
| Vesting Criteria | Continuance of service and remaining with the Bank |
| Exercise Timeline | Within three years from the date of vesting |
The options granted are non-exercised at present. The scheme also notes that no variations or subsequent changes have been made to the terms of these options as of the approval date.
EQUITASBNK Stock Price Movement
As of 1:52 PM, Equitas Small Finance Bank Limited shares are edging higher to ₹81.83 in live trading, climbing 3.22% as it gains ₹2.55. The stock has seen volatile intraday action, trading within a range from a low of ₹78.81 to an intra-day high of ₹81.85.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.