South Indian Bank Allots 72,488 Equity Shares Under Employee Stock Option Scheme
South Indian Bank allotted 72,488 equity shares on March 26, 2026 under its ESOS Scheme 2008 across three tranches with exercise prices ranging from Rs. 20.00 to Rs. 27.14. The bank received total consideration of Rs. 15,95,819.10 from eligible grantees exercising their stock options. Post-allotment, the issued and subscribed capital increased to Rs. 261,75,67,904.00 divided into 2,61,75,67,904 equity shares of Re. 1 each.
*this image is generated using AI for illustrative purposes only.
South Indian Bank has announced the allotment of 72,488 equity shares under its Employee Stock Option Scheme (ESOS) 2008. The Nomination and Remuneration Committee of the Board approved this allotment on March 26, 2026, following the exercise of stock options by eligible grantees.
Allotment Details
The share allotment was executed across three different tranches under the SIB ESOS Scheme 2008, with each tranche having distinct exercise prices and grant dates.
| Tranche Details | No. of Shares | Face Value | Exercise Price | Total Amount Received |
|---|---|---|---|---|
| Tranche 13 (granted July 31, 2023) | 50,383 | Re. 1 | Rs. 20.00 | Rs. 10,07,660.00 |
| Tranche 14 (granted May 02, 2024) | 2,290 | Re. 1 | Rs. 22.00 | Rs. 50,380.00 |
| Tranche 15 (granted July 30, 2024) | 19,815 | Re. 1 | Rs. 27.14 | Rs. 5,37,779.10 |
| Total | 72,488 | Re. 1 | - | Rs. 15,95,819.10 |
Impact on Share Capital
Following this allotment, the bank's capital structure has been updated. The issued and subscribed capital now stands at Rs. 261,75,67,904.00, comprising 2,61,75,67,904 equity shares of Re. 1 each.
Regulatory Compliance
The allotment was conducted in accordance with multiple regulatory frameworks:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI (Share Based Employee Benefit and Sweat Equity) Regulations, 2021
- SIB ESOS Scheme 2008 provisions
The bank has fulfilled its disclosure obligations by informing both the National Stock Exchange of India and BSE Limited about this corporate action. Additionally, the information has been made available on the bank's official website for stakeholder access.
Historical Stock Returns for South Indian Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.19% | -3.66% | -12.55% | +20.82% | +50.15% | +361.47% |
How will the dilution from these 72,488 new shares impact South Indian Bank's earnings per share and stock valuation?
What percentage of the total ESOS 2008 scheme has now been exercised, and how many options remain outstanding?
Will South Indian Bank introduce a new employee stock option scheme to replace the aging ESOS 2008 program?
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