Committee approves grant of ~1.33 crore ESOP options and 2,44,111 RSU options
Board committee approved on October 16, 2026 a grant of ~1.33 crore options under Bank ESOP Scheme 2019 and 2,44,111 options under RSU Plan 2026.
By ScoutQuest · · 2 min read
- ESOP options granted
- ~1.33 crore options under Bank ESOP Scheme 2019
- RSU options granted
- 2,44,111 options under RSU Plan 2026
- Exercise prices
- ESOP Rs. 64.50; RSU Rs. 10/- (face value)
What the committee approved
The Nomination and Remuneration Committee of the Board, on October 16, 2026, approved a grant of ~1.33 crore options under the Bank ESOP Scheme 2019 and 2,44,111 options under the RSU Plan 2026. The Bank informed the stock exchanges of this decision.
The two schemes at a glance
- Bank ESOP Scheme 2019: ~1.33 crore options granted. Exercise price Rs. 64.50, being the closing price on the previous trading day immediately preceding the date of grant, i.e. October 15, 2026, as per the Plan being the lower of the last trading price quoted on NSE on October 15, 2026 or the 3 months average of the volume weighted average price of the Bank's shares.
- RSU Plan 2026: ~2.44 lakh options granted. Exercise price Rs. 10/- (face value). As per the Ujjivan Restricted Stock Units Plan 2026, the exercise price shall be the face value of the share as on the date of exercise of the RSU.
- Each of the granted options, on vesting, confers the right to exercise and subscribe for 1 fully paid equity share of the Bank.
- Both schemes are stated to be in terms of the SEBI (SBEB and Sweat Equity) Regulations, 2021.
Vesting and exercise window
- Vesting schedule for both schemes is the same: Year 1 – 20%, Year 2 – 20%, Year 3 – 30%, Year 4 – 30%.
- Vesting of RSUs is subject to the vesting conditions prescribed under the RSU Plan 2026.
- Options may be exercised within 5 years from the date of respective vesting.
How a retail investor might read this
An ESOP or RSU grant is a compensation decision taken by the Nomination and Remuneration Committee to reward and retain employees. Shares arise only when options vest and are exercised, and vesting is spread across four years in both schemes, so the resulting share issuance is gradual and linked to the vesting conditions.
The ESOP carries an exercise price of Rs. 64.50 per share and the RSU an exercise price of Rs. 10/- (face value) per share. When options are exercised, the Bank receives the exercise price for each share subscribed.
This is a routine employee-benefit intimation from the Bank to the exchanges. Whether a reader sees it as positive or otherwise depends on how one weighs the employee retention such plans support against the gradual increase in shares that exercise would bring; the communication itself is a disclosure of a committee decision, and it does not by itself change anything about the Bank's operations.
Also from Ujjivan Small Finance Bank
Q2 FY27 call: deposits cross INR50,000 crores, INR409 crore capital raise proposed
22 Oct 2026
EGM notice: preferential issue of up to ~6.32 crore shares at Rs. 64.73 each to four investors
19 Oct 2026
Ujjivan Small Finance Bank earnings call audio recording for Q2 FY27 (Oct 16, 2026) hosted on Bank website
16 Oct 2026
More numbers
- Options granted under Bank ESOP Scheme 20191,32,77,429
- Options granted under RSU Plan 20262,44,111
- ESOP exercise priceRs. 64.50
- RSU exercise priceRs. 10/-
- Vesting in Year 1 (both schemes)20%
- Vesting in Year 3 (both schemes)30%
- Time within which options may be exercised5 years
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