Grant of 1,77,276 stock options to Whole-time Directors under ESOP Scheme 2026

CSB Bank's Nomination & Remuneration Committee approved grant of 1,77,276 stock options to the Bank's Whole-time Directors under the CSB Bank Employee Stock Option Scheme 2026.

Mon 5 Oct 2026

Stock options granted

1,77,276 stock options

Exercise price

₹ 304.75 per share

Vesting schedule

25% vests every year over 4 years, first on October 5, 2027

Scheme

CSB Bank Employee Stock Option Scheme 2026

Face value per share

₹ 10/- each

What was approved

CSB Bank's Nomination & Remuneration Committee, in its meeting on October 5, 2026, approved the grant of 1,77,276 stock options to the Bank's Whole-time Directors under the CSB Bank Employee Stock Option Scheme 2026. The options are exercisable into not more than 1,77,276 equity shares of face value ₹ 10/- each, fully paid-up.

The exercise price

Each option carries an exercise price of ₹ 304.75 per equity share. This was set at the latest available closing price on the NSE, the exchange that recorded the highest trading volumes in the Bank's equity shares on Thursday, October 1, 2026, which was the previous trading day immediately before the date the grant was approved by the Committee.

Why these options were granted

The grant forms part of the variable pay of the Whole-time Directors for the performance period from April 1, 2025 to March 31, 2026. It is in line with an approval received from the Reserve Bank of India on August 19, 2026.

How the options vest

• 25% of the options granted, rounded off to the nearest 100, vest on completion of 12 months from the grant date, i.e. on October 5, 2027.
• Another 25%, rounded off to the nearest 100, vest on completion of 24 months, i.e. on October 5, 2028.
• Another 25%, rounded off to the nearest 100, vest on completion of 36 months, i.e. on October 5, 2029.
• The balance options vest on completion of 48 months, i.e. on October 5, 2030.

The options therefore become available in four yearly steps, with the first tranche vesting only in October 2027.

Exercising the options

While the holder continues in employment or service, the exercise period is within 3 years from the date of vesting. In case of separation, the exercise period is as per the Scheme.

What this means for a retail investor

A stock option gives its holder the right to buy a share at a price fixed today, at a later date. Here that fixed price is ₹ 304.75. A company issues fresh shares when options are exercised, so the total number of shares can go up over time. In this grant, the maximum number of shares involved is 1,77,276, if all the options are exercised. Whether that happens depends on the vesting conditions being met and on the holder's decision at that stage.

The Scheme itself has been formulated and approved by the shareholders of the Bank under the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The Committee meeting commenced at 11.00 a.m. and concluded at 11.20 a.m.

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