Kotak Bank has completed the allotment of 8,30,630 equity shares to employees under its Employee Stock Option Plans, marking another significant milestone in the bank's employee incentive programs. The allotment was approved by the bank's Large Expenditure and Share Transfer and Other Matters Committee on January 19, 2026.

ESOP Allotment Details

The equity shares, each with a face value of ₹1.00, were distributed across seven different series and tranches under two main ESOP schemes - the Kotak Mahindra Equity Option Scheme 2015 and the Kotak Mahindra Equity Option Scheme 2023.

Distribution Analysis

The ESOP Scheme Series 2015/40 (2nd Tranche) represented the largest single allocation with 3,88,275 shares, followed by ESOP Scheme Series 2015/30 (4th Tranche) with 3,32,635 shares. These two tranches together accounted for approximately 87% of the total allotment.

Scheme Participation

The allotment demonstrates active participation across both the established 2015 scheme and the newer 2023 scheme. The 2015 scheme contributed the majority of shares across six different series and tranches, while the 2023 scheme contributed through its Series 2023/01 (2nd Tranche) with 31,670 shares.

Regulatory Compliance

Kotak Mahindra Bank has informed both BSE Limited and the National Stock Exchange of India Limited about this allotment, ensuring full regulatory compliance and transparency in the share allotment process.

Kotak Bank has successfully completed the sub-division of its equity shares, transforming each share with a face value of ₹5.00 into five shares with a face value of ₹1.00 each. The bank informed stock exchanges on January 16, 2026, that the sub-divided shares have been credited to shareholders' demat accounts.

Sub-Division Implementation Details

The sub-divided equity shares were credited to shareholders' demat accounts on January 15, 2026. This process applied to all shareholders who held equity shares as on January 14, 2026, which was designated as the record date for the sub-division. The bank had initially received board approval for this corporate action on November 21, 2025, subject to regulatory approvals from the Reserve Bank of India and shareholder confirmation.

New Trading Parameters

The sub-divided shares carry a new International Securities Identification Number (ISIN): INE237A01036. These shares became available for trading on both BSE Limited and National Stock Exchange of India Limited from January 14, 2026, under the new ISIN.

Share Capital Structure Changes

The sub-division significantly altered the bank's share structure while maintaining the same total capital value:

Shareholder Communication

The bank has sent individual letters to all affected shareholders, informing them about the credit of sub-divided shares to their demat accounts. Shareholders have been advised to verify the credited shares in their demat accounts and contact KFin Technologies Limited, the bank's Registrar and Transfer Agent, for any queries or assistance.

Corporate Details

Kotak Mahindra Bank's preference shares remain unaffected by this sub-division, maintaining their face value of ₹5.00 each. The bank's total authorized capital, including both equity and preference shares, stands at ₹19,000,000,000. All relevant information regarding this corporate action has been made available on the bank's investor relations website for stakeholder reference.