The Federal Bank Limited has announced the allotment of 1,77,242 equity shares, each with a face value of ₹2, to option grantees. This allotment was made upon the exercise of stock options under the ESOS 2017 Scheme. The decision for these allotments was approved by the Nomination, Remuneration, Ethics and Compensation Committee of the bank. The shares were allotted on February 28, 2026, after the allottees had made the necessary payments. This action is in accordance with the bank's Employee Stock Option Scheme (ESOS) and is a routine update regarding the issuance of shares to its employees.
