Karur Vysya Bank has announced the allotment of equity shares to employees under its ESOS 2011 and ESOS 2018 schemes. A total of 63,420 equity shares were allotted to employees who exercised their options under the ESOS 2011 Scheme. Additionally, 16,658 equity shares were allotted to Shri B Ramesh Babu, MD & CEO, under the ESOS 2018 Scheme as part of his compensation.
Equity Share Allotment Details
Karur Vysya Bank (KVB) has allotted equity shares as per its employee stock option schemes. The bank’s board meeting held on December 12, 2025, approved the allotment of shares under the following schemes:
ESOS 2011 Scheme
Under the KVB ESOS 2011 Scheme, 63,420 equity shares, each with a face value of Rs. 2, were allotted to various employees who exercised their options.
ESOS 2018 Scheme
The bank also allotted 16,658 equity shares, each with a face value of Rs. 2, to Shri B Ramesh Babu, MD & CEO, under the KVB ESOS 2018 Scheme. This allotment forms a part of his non-cash component of variable pay for the financial year FY 2022-23, in accordance with his compensation structure.
Meeting Conclusion
The board meeting commenced at 02.30 P.M. and concluded at 8.00 P.M. on December 12, 2025.
Source: BSE