The Federal Bank Allots Equity Shares Following Exercise of Stock Options Under Multiple Schemes
The Federal Bank Limited announced that it has completed the allotment of equity shares to option grantees following the exercise of stock options across various employee stock option schemes (ESOS and ESIS). This action was executed on August 11, 2026, subsequent to approval by the Nomination, Remuneration, Ethics and Compensation Committee.The allotments were made after the payment of funds by the allottees, with all the shares carrying a face value of Rs. 2/- each. The company proceeded with four distinct tranches of share allotment, corresponding to different operational schemes.
Details regarding the equity share allotments across the various programs are provided below:
| Scheme Type | Number of Shares Allotted | Face Value per Share |
|---|---|---|
| ESOS 2010 | 18,925 | Rs. 2/- |
| ESOS 2017 | 14,49,997 | Rs. 2/- |
| ESOS 2023 | 15,150 | Rs. 2/- |
| ESIS 2023 | 18,904 | Rs. 2/- |
These allotments represent the conclusion of the option exercise process under each scheme mentioned. The Federal Bank confirmed these activities related to its employee stock options and subsequent share distribution to the grantees.
FEDERALBNK Stock Price Movement
Shares of The Federal Bank Limited shed 1.06% in trading today, closing at ₹354.55.The stock traded within an intraday range of ₹352.2 to ₹357.2, with total volume reaching 4.84 million shares.
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