Ujjivan Small Finance Bank has announced the approval of a grant of 4,52,500 stock options under its ESOP Scheme 2019. The Nomination and Remuneration Committee of the Board approved the grant on August 17, 2026. Each option, upon vesting, confers the right to subscribe to one fully paid equity share of the bank. The exercise price is determined based on SEBI regulations and averages ₹61.46.
ESOP Grant Approved by Ujjivan SFB
Ujjivan Small Finance Bank has officially approved a grant of 4,52,500 stock options to its employees through its ESOP Scheme 2019. This decision was made by the Nomination and Remuneration Committee of the Board during its meeting held on August 17, 2026. The grant is in compliance with SEBI (Share Based Employee Benefits and Regulation) Regulations, 2021.
Key Details of the ESOP Grant
Under the terms of the ESOP Scheme 2019, each of the 4,52,500 granted options, upon vesting, provides the holder with the right to exercise and subscribe for one fully paid equity share of Ujjivan Small Finance Bank. The pricing formula for the exercise is set at ₹61.46, which represents the 3-month average of the volume-weighted average price of the bank’s shares. The exercise price is also capped by the lower of the last trading price on NSE on August 14, 2026, or the 3-month average volume-weighted average price.
Vesting Schedule and Exercise Period
The vesting schedule for these options is as follows: 20% in Year 1, 20% in Year 2, 30% in Year 3, and 30% in Year 4. Employees will have a period of 5 years from the date of their respective vesting to exercise their options. There are no options exercised or money realized at this stage, and no options have lapsed or had their terms varied.
Source: BSE
