Kotak Mahindra Bank has announced the grant of 7,14,080 Employee Stock Options under the Kotak Mahindra Equity Option Scheme, 2023. The grant was made on September 7, 2026, by the Nomination and Remuneration Committee. The options vest in four equal tranches of 25% each, with vesting dates spread across September 2027 to May 2030, offering a long-term incentive to eligible employees.
Kotak Mahindra Bank Grants Employee Stock Options
Kotak Mahindra Bank has informed the stock exchanges about the grant of Employee Stock Options (ESOPs) under its “Kotak Mahindra Equity Option Scheme, 2023” (ESOP Scheme 2023). A total of 7,14,080 Employee Stock Options were granted on September 7, 2026, by the Nomination and Remuneration Committee of the bank.
Vesting Schedule and Terms
The granted options are part of the “ESOP Scheme 2023 – Series 13.” The vesting of these options will occur over a period of twelve months from the respective vesting dates. The options will vest in four equal tranches of 25% each, spread out as follows:
- September 10, 2027 (25%)
- May 18, 2028 (25%)
- May 18, 2029 (25%)
- May 18, 2030 (25%)
Each option entitles the holder to one equity share of the face value of Re. 1/-, subject to the terms and conditions outlined in the ESOP Scheme 2023. This grant is intended to incentivize and retain eligible employees by aligning their interests with the company’s long-term performance.
Regulatory Filings
The intimation of this ESOP grant has been made to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The information is also available on the bank’s official website under the investor relations section, as per the Listing Regulations.
Source: BSE
