Bandhan Bank Limited announced the grant of 57,500 Employee Stock Options (ESOPs) under its ‘ESOP Series 1’ plan to eligible employees on February 10, 2026. Each option was granted at a price of Rs. 162.07. The vesting schedule is set over four years, with 25% vesting annually, and the options can be exercised up to five years after the respective vesting dates.
ESOP Grant Details for Employees
Bandhan Bank Limited has officially confirmed the grant of stock options to its eligible employees under the ‘ESOP Series 1’ plan, Tranche 7. The Nomination and Remuneration Committee (NRC) approved the grant on February 10, 2026.
Key Metrics of the Grant
- Total Options Granted: 57,500 ESOPs.
- Face Value per Share: Rs. 10 each.
- Grant Price per Option: Rs. 162.07 (Rupees One Hundred Sixty-Two and Seven Paisa Only).
The grant price was determined using the pricing formula based on the latest available closing price on the National Stock Exchange (NSE) from the trading day immediately preceding the grant approval, which was Monday, February 09, 2026.
Vesting and Exercise Schedule
The newly granted ESOPs follow a structured, time-based vesting schedule:
- Year 1: 25% of the options granted shall vest.
- Year 2: An additional 25% of the options granted shall vest.
- Year 3: An additional 25% of the options granted shall vest.
- Year 4: The remaining 25% of the options granted shall vest.
Furthermore, the exercise period for the options is set to a maximum of five years from the date of their respective vesting date. The scheme itself, ‘ESOP Series 1’, has been approved by the Bank’s Shareholders according to applicable Share Based Employee Benefits regulations.
Source: BSE
