Federal Bank allots equity shares under employee stock option schemes

Federal Bank has announced the allotment of equity shares to its employees through the exercise of stock options, following approval from its Nomination, Remuneration, Ethics and Compensation Committee. This allotment, dated October 12, 2025, includes a total of 54,157 equity shares distributed across two distinct employee stock option schemes.

Under the ESOS 2010 Scheme, the bank allotted 3,000 equity shares, each with a face value of Rs. 2/-, to option grantees. Additionally, a larger allotment of 51,157 equity shares, also with a face value of Rs. 2/- each, was made under the ESOS 2017 Scheme. These allotments occurred after the respective allottees completed their payments.

The communication, issued by Samir P Rajdev, company secretary, was addressed to both the National Stock Exchange of India Limited and BSE Limited, ensuring regulatory compliance and public disclosure of these corporate actions. This move reflects the bank's ongoing strategy of employee engagement and retention through equity participation.