Federal bank Limited has completed the allotment of equity shares under its Employee Stock Option Schemes (ESOS) on January 11, 2026. The bank allotted a total of 1,34,876 equity shares to option grantees following the exercise of stock options under two separate schemes.

Allotment Details

The allotment was approved by the bank's Nomination, Remuneration, Ethics and Compensation Committee and executed after the payment of money by the allottees. The shares were distributed across two ESOS schemes operated by the bank.

Scheme-wise Breakdown

Under the ESOS 2010 Scheme, Federal Bank allotted 1,800 equity shares to option grantees. The significantly larger allocation came from the ESOS 2017 Scheme, which accounted for 1,33,076 equity shares. Both schemes involve shares with a face value of ₹2.00 each.

Regulatory Compliance

The allotment was communicated to both the National Stock Exchange of India Limited and BSE Limited as per regulatory requirements under Regulation 30. The bank's Company Secretary, Samir P Rajdev, signed the official communication digitally on January 11, 2026.

The exercise of stock options under these schemes represents the conversion of employee stock options into equity shares, providing employees with ownership stakes in the bank upon meeting the required conditions and making the necessary payments.

Federal Bank has unveiled its refreshed brand identity featuring the new "Fortuna Wave" logo, marking a significant visual transformation as the bank positions itself for contemporary relevance and future growth. The announcement was made through a formal press release on January 06, 2026, under SEBI Regulation 30.

Brand Identity Launch Details

The launch event took place in Mumbai in the presence of the bank's leadership team and brand ambassador Vidya Balan. The new identity represents the bank's evolution from a locally trusted brand to a national player with increasing global presence in key businesses and markets.

Design Evolution and Aesthetics

The Fortuna Wave represents a modern evolution featuring three waves that symbolize the bank's core values of authenticity, togetherness, and prosperity. The wordmark "FEDERALBANK" now features a more fluid, forward-looking design with rounded edges symbolizing approachability and welcoming service delivery.

The design transition moves from uppercase to a well-rounded typeface that balances sharpness with warmth, representing precision without authority. The familiar yellow underline continues to represent partnership and support, while the boxed structure has been freed to allow fluid adaptation across digital and physical touchpoints.

Leadership Perspectives

MD & CEO KVS Manian emphasized that the refreshed brand identity represents gentle evolution rather than directional change. "This renewed expression brings a more contemporary and dynamic presence. It signals our preparedness for the future, without losing sight of the principles that have always defined us," he stated.

Chief Marketing Officer M V S Murthy highlighted the brand refresh as an opportunity to enhance contemporary relevance while bringing forward the best elements from the bank's legacy. He noted that discerning customers seek more intuitive expressions of communication.

Strategic Brand Positioning

The brand refresh supports the bank's push to increase wallet share across customer segments, scale new business, and leverage technology to create experiential differentiators. The new identity enables easier and more consistent connection across consumers, businesses, and markets.

Design Collaboration and Implementation

The refreshed identity was developed in collaboration with Sideways, combining strategic clarity with creative expression. Founder Abhijit Avasthi described the refresh as "a considered evolution that carries forward the trust the Bank has built over decades while giving it a more contemporary, digital-first expression."

The Fortuna Wave features multiple variations optimized for different backgrounds, contexts, and moment marketing initiatives, ensuring consistent brand representation across all touchpoints. The primary colors are more distinct, vibrant, and youthful while preserving the essence of trust and reliability associated with the banking sector.

Business Continuity

The bank confirmed that the logo change does not affect its business operations or service offerings. The nature of business and services provided remains unchanged, with only the brand visual identity being updated through this initiative.