The South Indian Bank Limited — Others, 30-01-2025: ESOP/ESOS/ESPS

The South Indian Bank Ltd. has announced a board meeting regarding the allotment of 1,663 equity shares under the SIB ESOS Scheme – 2008, following the exercise of stock options by eligible grantees. The shares were allotted at an exercise price of Rs. 20 each, generating a total amount of Rs. 33,260. Post-allotment, the bank's issued and subscribed capital now stands at Rs. 261.63 crore, divided into 261.63 crore equity shares. This development may enhance investor confidence as it reflects the bank's commitment to employee ownership and incentivizes performance, potentially leading to improved operational effectiveness.