News Corporate Actions Karnataka Bank Allots 17,501 Equity Shares Under Employee Stock Option Scheme 2018Karnataka Bank Allots 17,501 Equity Shares Under Employee Stock Option Scheme 2018
Karnataka Bank Limited has allotted 17,501 equity shares of face value Rs. 10 each to employees on February 9, 2026, under the KBL Employees Stock Option Scheme 2018. The allotment was approved by the Managing Director & CEO and made to employees who exercised their vested stock options. The bank has informed both NSE and BSE about this corporate action in compliance with SEBI regulations, ensuring transparency in its employee incentive program implementation.
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Karnataka Bank Limited has completed the allotment of equity shares under its employee stock option scheme, marking another step in its employee incentive program. The bank announced that 17,501 equity shares have been allotted to employees who exercised their vested stock options under the established scheme.
Share Allotment Details
The allotment was executed on February 9, 2026, with approval from the Managing Director & CEO. The shares carry specific parameters that define their value and structure within the bank's equity framework.
| Parameter: | Details |
|---|---|
| Number of Shares: | 17,501 equity shares |
| Face Value: | Rs. 10 each |
| Allotment Date: | February 9, 2026 |
| Approval Authority: | Managing Director & CEO |
| Scheme: | KBL Employees Stock Option Scheme 2018 |
Regulatory Compliance
The allotment was conducted in accordance with regulatory requirements, specifically under Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Karnataka Bank has informed both the National Stock Exchange of India Limited and BSE Limited about this corporate action, ensuring full transparency and compliance with listing obligations.
Employee Stock Option Scheme Framework
The shares were allotted to employees and grantees who exercised their vested options under the KBL Employees Stock Option Scheme 2018. This scheme represents part of the bank's broader employee incentive and retention strategy, allowing eligible employees to acquire equity stakes in the organization. The exercise of vested options demonstrates employee confidence in the bank's prospects and provides them with direct participation in the institution's growth.
Corporate Communication
The announcement was made through official communication to stock exchanges, with Company Secretary & Compliance Officer Sham K signing the disclosure document. The bank maintains its registered and head office at Mahaveera Circle, Kankanady, Mangaluru, and continues to ensure proper dissemination of material information to stakeholders and regulatory bodies.
Historical Stock Returns for Karnataka Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.40% | -0.81% | +13.30% | +19.21% | +19.16% | +199.23% |
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