Kotak Mahindra Bank Limited — Important, 05-03-2025: General Updates

The Nomination and Remuneration Committee of Kotak Mahindra Bank has granted 13,200 Employee Stock Options under the ESOP Scheme 2023, Series 5. The options will vest in four equal installments of 25% each on March 15, 2026, and May 31 for the following three years until 2028. The exercise period for these options will be six months post each vesting date, with each option entitling the grantee to one equity share with a face value of Rs. 5. This initiative is part of the bank's strategy to incentivize and retain employees, which could positively impact employee morale and retention, ultimately supporting the bank's operational strengths and growth prospects.