Karur Vysya Bank (KVB) has announced the grant of 52,017 options under its Employee Stock Option Scheme (ESOS) 2018 to Shri B Ramesh Babu, Managing Director & CEO. The grant was approved on December 05, 2025. Vesting occurs in three tranches, with 33.33% vesting one year from the grant date and another 33.33% vesting after two years, followed by 33.34% after three years.
ESOS 2018 Grant Details
Karur Vysya Bank (KVB) has granted 52,017 options under the KVB ESOS 2018 Scheme to Shri B Ramesh Babu, Managing Director & CEO of the Bank. The grant was approved by the Nomination and Remuneration Committee of the Board on December 05, 2025.
Vesting Schedule
The options vest in three tranches from the date of the grant:
| One year from the date of grant | 33.33% of options granted |
| Two years from the date of grant | 33.33% of options granted |
| Three years from the date of grant | 33.34% of options granted |
Each option entitles the holder to one equity share, which will be credited to the demat account upon vesting.
Option Pricing
The options were granted at a price of ₹247.03 per option, which corresponds to the closing price on December 04, 2025.
This grant forms part of the non-cash variable pay for the financial year 2024-25.
Source: BSE
