CSB Bank has approved the Employee Stock Option Scheme 2026 (ESOS 2026), proposing to grant up to 20,00,000 stock options to eligible employees. The scheme, approved by the Board of Directors on June 25, 2026, is subject to the approval of the bank's members. The approval follows the recommendation of the Nomination & Remuneration Committee (NRC) and aligns with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The ESOS 2026 aims to incentivize employees through a staggered vesting schedule. The total number of shares covered by these options will be 20,00,000 fully paid-up shares. The exercise price per option will be determined by the NRC and will not be less than the face value of the shares on the grant date. The market price is defined as the latest available closing price on a recognized stock exchange on the date immediately prior to the committee meeting where the grant is approved.

Key Details of ESOS 2026

The scheme outlines specific terms regarding vesting and exercise periods. No vesting is permitted during a statutory minimum period of one year from the grant date. Following this, vesting will occur over a staggered schedule ranging from three to ten years. The exercise period for vested options commences from the vesting date and expires after ten years or a shorter period as approved by the committee.

The NRC will act as the Compensation Committee for the supervision and administration of ESOS 2026. The bank will seek shareholder approval for the scheme in due course. The Board meeting commenced at 10:45 a.m. and concluded at 2:15 p.m. on June 25, 2026.

CSB Bank engaged with institutional investor Locus Investment Group in a one-on-one meeting to discuss its business performance and outlook. The interaction, conducted on June 12, 2026, in Mumbai, was held pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting provided a platform for the institutional investor to engage directly with the bank's management. The session was structured as a one-on-one interaction, allowing for a focused dialogue on specific aspects of the bank's operations.

A key disclosure in the regulatory filing confirmed that no unpublished price sensitive information (UPSI) was shared during the course of the meeting. This adherence to compliance protocols ensures that all stakeholders receive material information through formal and authorized channels simultaneously.

Meeting Details

The following table outlines the specifics of the interaction:

The filing was submitted to both BSE Limited and the National Stock Exchange of India Ltd. to ensure transparency regarding the investor interaction. Sijo Varghese, Company Secretary, authorized the disclosure on behalf of CSB Bank .