Kotak Mahindra Bank announced on August 17, 2026, that its Nomination and Remuneration Committee has granted an aggregate of 3,47,410 Employee Stock Options under the Kotak Mahindra Equity Option Scheme, 2023. The options vest progressively over four years, with 25% vesting on August 31, 2027, and the remaining 25% on June 30 of 2028, 2029, and 2030. Each option allows the holder to purchase one equity share at a face value of Re. 1.
Employee Stock Option Grant Announced
Kotak Mahindra Bank has officially disclosed the grant of Employee Stock Options (ESOPs) to eligible employees. The announcement, dated August 17, 2026, details the issuance of an aggregate of 3,47,410 ESOPs under the Kotak Mahindra Equity Option Scheme, 2023. This grant was approved by the Bank’s Nomination and Remuneration Committee on the same date, marking a significant event in employee compensation and retention strategies.
Vesting Schedule and Exercise Period
The granted ESOPs follow a structured vesting schedule designed to reward long-term commitment. The options are divided into four tranches, each representing 25% of the total grant. The first tranche vests on August 31, 2027. Subsequent tranches vest on June 30 of the following years: 2028, 2029, and 2030. Following the vesting of each tranche, the options can be exercised for a period of one year from the respective vesting date. Each ESOP entitles the holder to one equity share of the Bank with a face value of Re. 1, subject to the scheme’s provisions.
Source: BSE
