IndusInd Bank announced on March 18, 2026, the approval for granting 81,500 Stock Options to 5 Eligible Employees under its Employee Stock Option Scheme (ESOP). The grant price was set at Rs. 820.85 per share, based on the previous day’s closing price. The options come with a 3-year vesting period structured in 33%, 33%, and 34% annual increments, followed by a 5-year exercise period post-vesting.
IndusInd Bank Approves New ESOP Grant
On March 18, 2026, the Compensation and Nomination & Remuneration Committee of IndusInd Bank formally approved the grant of new Stock Options under the Bank’s Employee Stock Option Scheme (ESOP Scheme). This approval covers a total of 81,500 Stock Options, which are fully convertible into an equal number of Equity shares of the Bank upon exercise.
Beneficiaries and Allocation Details
The approved grant is intended for a select group of 5 Eligible Employees of the Bank. The decision was made in accordance with the established terms and conditions outlined in the ESOP Scheme document.
Key Terms of the Grant
The major terms established for this stock option grant are detailed as follows:
Grant Price
The Grant Price for these options has been fixed at Rs. 820.85 per share. This figure reflects the official Close Price on the National Stock Exchange (NSE) recorded on Tuesday, March 17, 2026, which represented the highest trading volume’s previous day’s close price.
Vesting Schedule
The Vesting Period for the options spans 3 years commencing from the date of the grant (March 18, 2026). The vesting is staggered across three intervals, with allocations set at 33%, 33%, and 34% at the conclusion of each successive year from the grant date.
Exercise Window
Once the vesting process is complete, the employees will have a defined Exercise Period lasting 5 years from the date of final vesting to convert their options into equity shares.
Disclosure Confirmation
The Bank confirms that a copy of this official communication detailing the grant is being made available for public review on the Bank’s official website.
Source: BSE
