CSB Bank grants stock options to whole-time directors

CSB Bank has announced the grant of 133,831 stock options to its whole-time directors as part of their variable pay for the performance period from April 1, 2024, to March 31, 2025. Approved by the Nomination & Remuneration Committee on December 12, 2025, these options are exercisable into an equal number of equity shares of face value INR 10 each, at an exercise price of INR 388.70 per equity share. The pricing is based on the latest available closing price on the National Stock Exchange of India Limited on December 11, 2025.

The granted options will vest in tranches over four years: 25% on December 12, 2026; another 25% on December 12, 2027; a further 25% on December 12, 2028; and the balance on December 12, 2029. Each tranche is rounded off to the nearest 100 options. The exercise period for these options, while continuing employment, will be within three years from the date of vesting.

This scheme aligns with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and received approval from the Reserve Bank of India on November 27, 2025.