Fedbank Financial Services Limited (FEDFINA) announced the grant of 20,15,744 stock options to eligible employees under the 'Fedbank Financial Services Limited- Employees Stock Option Scheme, 2018' (ESOS-2018). The decision was made by the Nomination and Remuneration Committee (NRC) at its meeting held on May 06, 2026. The options are granted at an exercise price of ₹145.78 per option. This exercise price is determined as the average of the opening and closing prices on the National Stock Exchange of India Limited for May 05, 2026, where the maximum number of shares were traded. The granted options will vest not earlier than one year and not later than four years from the date of the grant. Following vesting, the options can be exercised within three years. The scheme complies with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company confirmed there is no lock-in period on the equity shares that arise from the exercise of these stock options, and these shares will rank pari-passu with existing equity shares.
