Federal Bank Allots Equity Shares Following Exercise of Stock Options
The Federal Bank Limited announced the allotment of equity shares to option grantees, following the exercise of stock options under two separate Employee Stock Option Schemes (ESOS). The allotments were made on April 27, 2026, subsequent to the payment of money by the allottees and the approval granted by the Nomination, Remuneration, Ethics and Compensation Committee.The company detailed two specific allotments under its stock option programs. The first was related to the ESOS 2010 Scheme, and the second concerned the ESOS 2017 Scheme. In both instances, the shares were allotted with a face value of Rs. 2/- each.
The material details of the share allotments are presented below:
| Scheme | Allotment Date | Number of Shares Allotted | Face Value per Share |
|---|---|---|---|
| ESOS 2010 Scheme | April 27, 2026 | 1,000 | Rs. 2/- |
| ESOS 2017 Scheme | April 27, 2026 | 1,23,203 | Rs. 2/- |
The successful execution of these allotments finalized the distribution of shares related to the employee stock option programs, marking a significant corporate action for The Federal Bank Limited.
FEDERALBNK Stock Price Movement
Today, The Federal Bank Limited shares edged higher, closing at ₹294.05 after gaining 0.68% in post-market trading. The equity saw robust activity, concluding the day's session on a total volume of 3.88 million shares.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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