South Indian Bank Ltd Allots Over 4.47 Lakh Equity Shares Under ESOS Scheme
On June 24, 2026, the Nomination and Remuneration Committee of South Indian Bank Ltd confirmed the allotment of 4,47,177 equity shares on the bank's capital structure. These shares were allotted to eligible grantees upon exercising stock options under the SIB ESOS Scheme - 2008 and receipt of appropriate consideration.The allotment was made following the exercise of stock options under the pre-existing scheme. The allocation details cover several tranches granted in previous years, each corresponding to a specific grant date and exercise price.
Details of the grants included in the allotment are as follows:
| Grant Details | Number of Shares | Face Value | Exercise Price | Total Amount Received |
|---|---|---|---|---|
| Tranche 12 (Granted March 01, 2023) | 2,85,000 | Re. 1/- | Rs. 16.50/- | Rs.47,02,500.00 |
| Tranche 13 (Granted July 31, 2023) | 1,00,830 | Re. 1/- | Rs. 20.00/- | Rs.20,16,600.00 |
| Tranche 14 (Granted May 02, 2024) | 22,697 | Re. 1/- | Rs. 22.00/- | Rs.4,99,334.00 |
| Tranche 15 (Granted July 30, 2024) | 38,650 | Re. 1/- | Rs. 27.14/- | Rs. 10,48,961.00 |
Following the allotment of these shares on June 24, 2026, the Issued and Subscribed Capital of South Indian Bank saw an increase. The capital now stands at Rs. 2,61,80,66,063.00, representing a total of 2,61,80,66,063 Equity Shares of Re. 1/- each.
SOUTHBANK Stock Price Movement
The South Indian Bank Limited gained 0.15% in trading today, closing at ₹45.70 after a slight rise. The stock saw significant movement during the session, with a total of 10.53 million shares traded.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.