The Nomination and Remuneration Committee of Equitas Small Finance Bank has approved the grant of 20,16,168 stock options to its eligible employees. These options are priced at ₹67.34 per share and are designed to align employee interests with the bank’s long-term growth. The shares resulting from the exercise of these options will rank pari-passu with existing equity shares, including dividend eligibility.
Grant Details and Pricing
During a meeting held on April 28, 2026, the Bank’s Nomination & Remuneration Committee finalized the grant of 20,16,168 stock options. Each option entitles the holder to acquire one equity share of the bank, which has a face value of ₹10. The exercise price for these grants has been set at ₹67.34 per share, determined in accordance with the bank’s established employee stock option scheme.
Vesting Schedule
The granted options follow a structured vesting schedule to ensure long-term retention and performance alignment. The options will vest in equal installments over a period of three years from the date of the grant. Specifically, one-third (1/3rd) of the total options will vest each year, subject to the fulfillment of applicable performance and service criteria.
Exercise Period
Once the options have vested, eligible employees will have a window of three years from the date of vesting to exercise their right to acquire the shares. These new equity shares will carry the same rights and benefits as the existing equity shares, ensuring all shareholders maintain equal status regarding future dividends and voting rights.
Source: BSE
