South Indian Bank allots shares under employee stock option scheme

South Indian Bank allotted 109,998 new equity shares to eligible employees on October 24, 2025, under its SIB ESOS Scheme – 2008. This allotment follows the exercise of stock options and receipt of appropriate consideration, as detailed in an announcement made pursuant to SEBI regulations.

The allotment comprises shares from four different tranches. Tranche 13 involved 91,994 shares at an exercise price of ₹20.00, generating ₹18,39,880.00. Tranche 14 saw 4,241 shares allotted at ₹22.00 per option, totaling ₹93,302.00. Tranche 15 contributed 6,500 shares at ₹27.14 per option, bringing in ₹1,76,410.00. The final Tranche 16 accounted for 7,263 shares at ₹24.95 per option, raising ₹1,81,211.85.

Following this allotment, the bank's issued and subscribed capital increased to ₹261,68,59,879.00, now divided into 261,68,59,879 equity shares of ₹1.00 each.