Equitas SFB grants 29.20 lakh stock options to employees

Equitas Small Finance Bank's Nomination & Remuneration Committee approved the grant of 29,20,631 stock options to eligible employees. This includes 14,28,305 options for Whole-time Directors and Material Risk Takers at an exercise price of ₹72.18 per share. Another 14,92,326 options were granted to other employees, with 12,15,697 at face value (₹10) and 2,76,629 at ₹72.18. The options will vest over three years from May 28, 2026, under the ESFB Employees Stock Option Scheme, 2019, and can be exercised within three years of vesting. The scheme is compliant with SEBI regulations.