Suryoday bank grants over 530,000 ESOPs to employees

Suryoday Small Finance Bank Limited's nomination and remuneration committee approved the grant of 530,357 employee stock options (ESOPs) on September 10, 2025. Each option is priced at INR 181.30, with a face value of INR 10 per ESOP. These options grant eligible employees the right to apply for and be allotted one equity share of the bank, potentially leading to the issuance of up to 530,357 equity shares.

The grant price for these options is determined by the previous day's closing price on the stock exchange with the highest trading volume, referred to as the "fair market price." However, if this price is lower than the book value based on the last audited results, the book value will be considered the grant/exercise price.

The ESOPs will vest upon the grantee's continued employment and compliance with the Suryoday ESOP Scheme 2019 terms. Vested options can be exercised within a three-year exercise period, with four exercise windows annually, each open for a minimum of ten days. Options not exercised after three years from vesting will lapse. The Suryoday ESOP Scheme 2019 was initially approved on September 26, 2019, and subsequently amended, with the latest modification approved on September 12, 2024.