South Indian Bank has announced the allotment of 1,06,226 equity shares under its SIBESOS Scheme-2008 on December 24, 2025. The allotment was made to eligible employees following the exercise of stock options, in compliance with SEBI regulations and the bank's employee stock option scheme.

Stock Option Exercise Details

The allotment comprised shares from four different tranches of the SIBESOS Scheme-2008, each with varying exercise prices and grant dates. The exercise generated a total consideration of ₹24,48,697.05 for the bank.

Impact on Share Capital

Following this allotment, South Indian Bank's issued and subscribed capital has increased to ₹261,71,54,187.00. The total number of outstanding equity shares now stands at 261,71,54,187 shares, each with a face value of ₹1.

Regulatory Compliance

The allotment was conducted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank has also complied with the provisions of the SEBI (Share Based Employee Benefit and Sweat Equity) Regulations, 2021. The Nomination and Remuneration Committee of the Board approved the allotment after receiving appropriate consideration from the eligible grantees.

Scheme Background

The SIBESOS Scheme-2008 is South Indian Bank's employee stock option scheme designed to incentivize and retain key personnel. The scheme allows eligible employees to purchase shares at predetermined exercise prices, typically set at the time of grant. The recent allotment represents the exercise of options granted across multiple tranches between 2023 and 2024, with exercise prices ranging from ₹20.00 to ₹27.14 per share.

South Indian Bank has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR), effective November 20, 2025. This adjustment impacts borrowers across various loan tenors and reflects changes in the bank's cost of funds structure.

New MCLR Rates

The bank has provided a detailed breakdown of the revised rates across different tenors:

Impact on Borrowers

The revised MCLR rates range from 8.15% for overnight MCLR to 9.65% for one-year MCLR. This change may affect the interest rates on various loans linked to the MCLR, potentially impacting both existing and new borrowers.

Regulatory Compliance

In line with regulatory requirements, South Indian Bank has informed the stock exchanges about this change in MCLR rates. The bank has stated that this information is being disclosed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Accessibility of Information

For further details, the bank has announced that the revised MCLR rates will be available on their official website at www.southindianbank.bank.in . This ensures transparency and easy access to the updated lending rate information for all stakeholders.

Borrowers and investors are advised to take note of these changes, as they may influence lending rates and financial planning decisions.