IDFC FIRST Bank approves employee stock option grant

IDFC FIRST Bank's nomination & remuneration committee has approved the grant of 550,000 stock options to eligible employees under the 'IDFC FIRST Bank Limited - Employee Stock Option Scheme'. This decision, dated October 06, 2025, is in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and the Listing Obligations and Disclosure Requirements Regulations, 2015.

The exercise price for these stock options has been determined in accordance with SEBI regulations. The options will vest equally over a period of four years, with 25% vesting each year. Following vesting, employees will have an exercise period of three years to convert their options into shares.

This grant underscores IDFC FIRST Bank's commitment to employee retention and motivation, linking their contributions directly to the company's future performance. The disclosure was formally submitted to both the National Stock Exchange of India Limited and BSE Limited.