South Indian Bank Allots Equity Shares Under ESOS Scheme
South Indian Bank Ltd. announced the allotment of 72,488 equity shares on March 26, 2026, under its SIB ESOS Scheme - 2008. The allotment followed the exercise of stock options by eligible grantees and receipt of consideration, as approved by the bank’s Nomination and Remuneration Committee.The equity shares were allotted from Tranche 13, 14, and 15 of the SIB ESOS Scheme - 2008, with varying exercise prices. A summary of the tranche details and associated financial figures is presented below:
| Details of Grant | No. of shares | Face Value | Exercise Price | Total Amount Received |
|---|---|---|---|---|
| Tranche 13 granted under SIB ESOS - 2008 on July 31, 2023 | 50,383 | Re. 1/- | Rs. 20.00/- | Rs. 10,07,660.00 |
| Tranche 14 granted under SIB ESOS - 2008 on May 02, 2024 | 2,290 | Re. 1/- | Rs. 22.00/- | Rs. 50,380.00 |
| Tranche 15 granted under SIB ESOS - 2008 on July 30, 2024 | 19,815 | Re. 1/- | Rs. 27.14/- | Rs. 5,37,779.10 |
As a result of this allotment, the Issued and Subscribed Capital of the bank increased to Rs. 261,75,67,904.00, divided into 2,61,75,67,904 Equity Shares of Re. 1/- each. The details are available on the bank's website at www.southindianbank.bank.in.
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