Ujjivan Small Finance Bank Board Approves ESOP Scheme Revisions and New RSU Scheme 2026

Ujjivan Small Finance Bank Limited has announced the outcome of its Board meeting held on May 08, 2026. The Board approved significant revisions to the existing ESOP Scheme 2019 and sanctioned the introduction of a new Restricted Stock Unit Scheme 2026. These decisions are aimed at aligning employee interests with the bank's growth and retaining critical talent, though they remain subject to shareholder approval.

Revisions to ESOP Scheme 2019

The Board approved an increase in the total number of employee stock options available under the ESOP Scheme 2019. The pool size is set to rise from the existing 14.4 crore options to 20.4 crore options, effectively adding an additional 6 crore options. The Board also approved enhancements to ensure consistency with applicable regulations, confirming that these revisions are not prejudicial to employee interests.

Particulars	Details
Existing Pool Size	14.4 crore options
Revised Pool Size	20.4 crore options
Additional Options	6 crore options
Regulatory Compliance	Yes, compliant with SEBI (SBEB and Sweat Equity) Regulations, 2021

Introduction of RSU Scheme 2026

In addition to the ESOP revisions, the Bank approved the creation of the Ujjivan RSU Scheme 2026. This new scheme comprises 2 crore Restricted Stock Units (RSUs). The primary objective of the RSU 2026 is to reward employees for their dedication and contribution towards the bank's goals, serving as a long-term incentive tool to attract and retain key talent.

Particulars	Details
Total RSUs	2 crore RSUs
Exercise Price	Face value of the equity share (Rs. 10)
Exercise Period	Maximum of 5 years from vesting date
Regulatory Compliance	Yes, compliant with SEBI (SBEI and Sweat Equity) Regulations, 2021

Meeting Details and Next Steps

The Board Meeting commenced at 11:00 am IST, and the proposals were approved at 2:40 pm IST. The bank will seek shareholder approval for both the increase in the ESOP pool and the new RSU scheme. The detailed disclosures required under Regulation 30 of the SEBI LODR Regulations have been enclosed as an annexure to the regulatory filing.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.43%	+9.70%	+10.58%	+19.13%	+53.05%	+114.43%

Ujjivan Small Finance Bank has allotted 5,44,021 equity shares under its Employee Stock Option Plan 2019 (ESOP 2019), following a resolution passed by the Stakeholders Relationship Committee of the Board on May 06, 2026. The allotment, comprising fully paid-up shares of face value Rs. 10/- each, was made pursuant to the exercise of stock options by eligible employees under the ESOP Scheme 2019 of the bank.

ESOP Allotment Details

The key parameters of the allotment are summarised below:

Parameter:	Details
Allotment Date:	May 06, 2026
Number of Shares Allotted:	5,44,021
Face Value per Share:	Rs. 10/-
Share Type:	Fully Paid-Up Equity Shares
ESOP Scheme:	ESOP 2019
Approving Authority:	Stakeholders Relationship Committee

Impact on Paid-Up Capital

As a direct result of this allotment, the paid-up capital of the bank has increased. The table below captures the change in paid-up capital:

Metric:	Amount
Paid-Up Capital (Before Allotment):	Rs. 19,43,89,59,730
Paid-Up Capital (After Allotment):	Rs. 19,44,43,99,940

Listing Approval in Progress

Ujjivan Small Finance Bank has already received in-principal approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for the listing of the newly allotted shares. The bank is currently in the process of applying for final listing approval from both exchanges. This disclosure has been made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation has been signed by Sanjeev Barnwal, Company Secretary & Head of Regulatory Framework, on behalf of Ujjivan Small Finance Bank Limited.