Equitas Small Finance Bank Grants 3 Lakh Stock Options Under Employee Scheme
Equitas Small Finance Bank Ltd has approved the grant of stock options to an eligible employee under the ESFB Employee Stock Option Scheme, 2019. The decision was made by the Nomination & Remuneration Committee at a meeting held on June 24, 2026.The committee sanctioned the grant of 300,000 stock options. These options are linked to an exercise price of Rs 77.08 per share and are governed by the terms established in the ESFB Employee Stock Option Scheme, 2019. The shares arising from these grants will be pari-passu with existing equity shares concerning dividend and all other aspects.
The options grant is tied to a four-year vesting period, commencing from June 24, 2026. Under the scheme, the stock options are divided into tranches, with each tranche covering 75,000 options and scheduled for subsequent vesting years between FY 25-26 and FY 28-29.
Key Details of the Stock Option Grant
The following table outlines the core details related to the grant:| Detail | Specification |
|---|---|
| Total Options Granted | 300,000 |
| Exercise Price | Rs 77.08 per share |
| Entitlement Per Option | One equity share of ₹ 10 each |
| Scheme Governance | ESFB Employee Stock Option Scheme, 2019 |
| Vesting Period | Four years from June 24, 2026 |
Options Vesting Structure
The grant follows a defined vesting mechanism over the four-year period. The options are subject to specific conditions outlined in the scheme document:| Tranche Vesting Year | Number of Options (Tranche) | Vesting Condition |
|---|---|---|
| First Vesting Year (Jun'27 / FY 25-26) | 75,000 | 50% based on continuity of service and 50% based on performance assessment by NRC/Board. |
| Second Vesting Year (Jun'28 / FY 26-27) | 75,000 | Subject to ESFB ESOS - 2019 terms. |
| Third Vesting Year (Jun'29 / FY 27-28) | 75,000 | Subject to ESFB ESOS - 2019 terms. |
| Fourth Vesting Year (Jun'30 / FY 28-29) | 75,000 | Subject to ESFB ESOS - 2019 terms. |
Options may be exercised within three years from the date of vesting.
EQUITASBNK Stock Price Movement
As of 10:50 AM, Equitas Small Finance Bank Limited shares are gaining ground in live trading, moving up 0.10% to reach ₹77.16 after rising by ₹0.08. The stock is showing intraday volatility, currently trading between a low of ₹76.40 and a high of ₹77.89.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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