Ujjivan Small Finance Bank has announced the approval of granting 283,559 options under its Employee Stock Option Plan (ESOP) Scheme 2019. The decision was made during a meeting of the Nomination and Remuneration Committee held on January 21, 2026. These options will allow employees to subscribe for equity shares of the bank at a price determined by the ESOP scheme’s formula.
ESOP Grant Approval
The Nomination and Remuneration Committee of Ujjivan Small Finance Bank has approved the grant of 283,559 options under the Bank’s ESOP Scheme 2019 during their meeting held on January 21, 2026.
Key Details of ESOP Scheme 2019
Ujjivan Small Finance Bank’s ESOP Scheme 2019 permits the granted options, once vested, to be exercised for fully paid equity shares of the Bank. The exercise price is set at ₹54.15, based on a 3-month average of the volume-weighted average price.
Vesting Schedule
The vesting schedule for these options is as follows:
- Year 1: 20%
- Year 2: 20%
- Year 3: 30%
- Year 4: 30%
The options can be exercised within 5 years from the date of their respective vesting.
Source: BSE
