Committee grants 1,95,605 stock options at Rs. 1,264.60 per option
Axis Bank's Nomination and Remuneration Committee granted 1,95,605 stock options at an exercise price of Rs. 1,264.60 per option under the Axis Bank Employees Stock Option Scheme 2000-01.
By ScoutQuest · · 1 min read
- Stock Options Granted
- 1,95,605 stock options
- Exercise Price
- Rs. 1,264.60 per option
- Vesting Schedule
- 30%, 30% and 40% over three years
Stock options granted
The Nomination and Remuneration Committee, at its meeting on October 15, 2026, granted 1,95,605 stock options under the Axis Bank Employees Stock Option Scheme 2000-01 to eligible employee(s) of the Bank. The exercise price is Rs. 1,264.60 per option.
What the grant covers
The options cover 1,95,605 equity shares of the Bank, each of face value Rs. 2/-.
How the exercise price was set
The options were granted at the latest available closing price on NSE, being the stock exchange that recorded the highest trading volume in the Bank's equity shares on October 14, 2026, the previous trading day immediately preceding the date on which the grant was approved by the NRC.
Vesting schedule
- At the end of 1 year from the date of grant: 30% of granted options
- At the end of 2 years from the date of grant: 30% of granted options
- At the end of 3 years from the date of grant: 40% of granted options
How long employees have to exercise
The options can be exercised by the grantees within a period of 5 years from the date of respective vesting.
What this means in simple terms
A stock option is the right to buy one share later at a price fixed now. Here that fixed price is Rs. 1,264.60 per option. An employee does not get the shares immediately; the right opens up in stages as the options vest, and the employee exercises the option within the window allowed after each vesting. Because vesting is spread over three years, employees become eligible for these shares gradually rather than all at once.
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More numbers
- Stock options granted1,95,605
- Exercise price per optionRs. 1,264.60
- Equity shares covered by the options1,95,605
- Face value per equity shareRs. 2/-
- Options vesting at end of 1 year30%
- Options vesting at end of 2 years30%
- Options vesting at end of 3 years40%
- Exercise period from respective vesting5 years
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