Board grants ~32.99 lakh stock options at Rs. 151.91 under ESOP Series 1
Board of Bandhan Bank granted ~32.99 lakh equity stock options on October 28, 2026, at Rs. 151.91 per option, under ESOP Series 1 – Tranche 9.
By ScoutQuest · · 2 min read
- Stock Options Granted
- ~32.99 lakh equity stock options
- Grant Price
- Rs. 151.91 per option
- Vesting & Exercise
- 25% vests each year over four years; exercise window up to five years from each vesting
What the Board approved
- At its meeting on October 28, 2026, the Board of Bandhan Bank granted ~32.99 lakh equity stock options to eligible employees of the Bank.
- The grant is under 'Bandhan Bank Employee Stock Option Plan Series 1' – Tranche 9.
- Grant price: Rs. 151.91 per option.
- Face value of each share: Rs. 10.
How the grant price was set
The options were granted at the latest available closing price on the National Stock Exchange of India Limited. NSE was the exchange that recorded the highest trading volume in the Bank's equity shares on Tuesday, October 27, 2026, the trading day immediately preceding the date the grant was approved.
What each option is worth to an employee
- Each stock option carries the right to apply for and be allotted 1 (one) equity share of face value Rs. 10.
- So the ~32.99 lakh options cover ~32.99 lakh equity shares of Rs. 10 each.
When the options vest
- 25% of the options vest on completion of one year from the date of grant.
- 25% on completion of two years from the date of grant.
- 25% on completion of three years from the date of grant.
- 25% on completion of four years from the date of grant.
How long employees have to exercise
The exercise period is a maximum of five years from the date of respective vesting of the options.
What this means for a retail investor
- This is a stock-option grant to employees, a form of staff compensation. It does not bring any money into the Bank at the time of grant.
- Shares get allotted only when employees choose to exercise their options, which can happen at the vesting stages described above, within the exercise window.
- The grant price of Rs. 151.91 per option is the price at which employees will be able to apply for shares when they exercise.
- The scheme was formulated and approved by the Bank's shareholders and is governed by the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Also from Bandhan Bank
Audio recordings of Q2 and H1 FY2026-27 press conference and earnings call hosted on website
28 Oct 2026
Bandhan Bank Q2FY27: PAT up 455.7% YoY to ₹ 6.2 bn as secured mix rises to 57.3% and GNPA falls to 3.1%
28 Oct 2026
Board approves Q2 FY27 unaudited results: net profit Rs. 62,175.05 lakh, GNPA 3.11%, CAR 18.32%
28 Oct 2026
More numbers
- Equity stock options granted32,98,871
- Grant price per optionRs. 151.91
- Face value per equity shareRs. 10
- Vesting in each annual tranche25%
- Maximum exercise period from each vestingfive years
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