Ujjivan Small Finance Bank approves significant employee stock options grant

Ujjivan Small Finance Bank has announced that its nomination and remuneration committee approved the grant of 9,32,154 options under the Bank ESOP Scheme 2019 on September 19, 2025. This action is in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Each granted option, upon vesting, confers the right to exercise and subscribe for one fully paid equity share of the Bank. The exercise price for these options is set at INR 45.51, which corresponds to yesterday's closing price on NSE. The options will vest over a four-year period, with 20% vesting in Year 1, 20% in Year 2, 30% in Year 3, and the remaining 30% in Year 4.

Employees will have a five-year window from the date of respective vesting to exercise their options. This grant is part of the Bank's ongoing employee incentive program and is expected to align employee interests with shareholder value creation.