HDFC Bank announced today, October 24, 2026, that its Governance, Nomination and Remuneration Committee (GNRC) has granted 13,02,379 equity stock options under its Employee Stock Option Scheme (ESOS) – Plan H-2024 (ESOS 065). The options, granted at a price of Rs. 692.80 each, will vest in four stages over 48 months, with 25% vesting at 12, 24, and 36 months, and the remainder at 48 months.
HDFC Bank Authorizes Employee Stock Options
On October 24, 2026, HDFC Bank disclosed a significant issuance of equity stock options to its employees. The bank’s Governance, Nomination and Remuneration Committee (GNRC) approved the grant of 13,02,379 options under the Employee Stock Option Scheme (ESOS) – Plan H-2024, designated as ESOS 065.
Grant Details and Vesting Schedule
Each option carries a face value of Re. 1/- and is convertible into one equity share of the Bank. The grant price for these options is set at Rs. 692.80 per option. These options are subject to a structured vesting schedule that will occur in four stages:
- 25% of the options will vest upon completion of twelve months from the grant date.
- Another 25% will vest upon completion of twenty-four months from the grant date.
- A further 25% will vest upon completion of thirty-six months from the grant date.
- The remaining balance will vest upon completion of forty-eight months from the grant date.
Exercise and Lapse Policy
The vested options must be exercised within a period of 4 years from their respective vesting dates. Failure to exercise within this stipulated timeframe will result in the options lapsing immediately. The entire ESOS framework aligns with the provisions of the Employees’ Stock Option Scheme (ESOS) – Plan H-2024 (ESOS 065), as governed by relevant SEBI regulations.
Source: BSE
