Bandhan Bank grants executive directors 643,983 stock options

Bandhan Bank Limited's nomination and remuneration committee (NRC) approved the grant of 6,43,983 equity stock options (ESOPs) to its executive directors on October 21, 2025. These options, each with a face value of INR 10, were granted at a price of INR 166.99 per option. The ESOPs fall under the 'Bandhan Bank Employee Stock Option Plan Series 1' – Tranche 7, which adheres to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The pricing of these ESOPs was determined by the latest available closing price on the National Stock Exchange of India Limited, specifically on October 20, 2025, which recorded the highest trading volumes for Bandhan Bank's equity shares. The vesting schedule for these options is tiered, with 25% vesting after one year from the grant date, and subsequent 25% tranches vesting after two, three, and four years, respectively.

The exercise period for these options is set for a maximum of five years from their respective vesting dates. This initiative is designed to align the interests of the executive leadership with the long-term growth and performance of the Bank.