CSB Bank Limited announced on July 22, 2026, that its Nomination & Remuneration Committee has approved the grant of 61,565 stock options to an eligible employee under the CSB Employee Stock Option Scheme 2019. These options are exercisable into 61,565 equity shares at an exercise price of ₹370.00 per share. The options will vest progressively over 48 months, with initial vesting occurring 12 months from the grant date.
Employee Stock Option Grant Approved
CSB Bank Limited has officially announced the approval of a significant stock option grant to an eligible employee. The decision was made by the Nomination & Remuneration Committee of the Board of Directors during their meeting on July 22, 2026. This initiative falls under the company’s established CSB Employee Stock Option Scheme 2019.
Grant Details
A total of 61,565 stock options have been granted. These options provide the eligible employee the right to acquire up to 61,565 equity shares of the Bank. Each equity share has a face value of ₹10/- and is fully paid-up. The exercise price for these options is set at ₹370.00 per equity share.
Pricing and Vesting Schedule
The exercise price was determined based on the latest available closing price on the National Stock Exchange of India Limited (NSE) on the preceding trading day, July 21, 2026. The stock options will vest in tranches over a period of 48 months from the grant date, which is July 22, 2026:
- 25% of the options will vest on completion of 12 months (on or around July 22, 2027).
- An additional 25% will vest on completion of 24 months (on or around July 22, 2028).
- Another 25% will vest on completion of 36 months (on or around July 22, 2029).
- The remaining balance will vest on completion of 48 months (on or around July 22, 2030).
Exercise Period
For employees who continue their employment with the Bank, the exercise period for vested options will be within 3 years from the respective vesting date. In cases of separation from the company, the exercise period will be governed by the terms of the Scheme.
All other terms and conditions related to these stock options are in accordance with the CSB Employee Stock Option Scheme 2019.
This announcement was made available on the Bank’s official website, www.csb.bank.in.
Source: BSE
