RBL Bank Limited — Important, 14-01-2025: Updates

The Nomination and Remuneration Committee has approved the grant of 9,90,300 stock options to eligible employees under the Employee Stock Option Plan 2018 (ESOP 2018). Each option will convert into one equity share with a face value of Rs. 10 at an exercise price of Rs. 149.46, based on the latest closing price from the previous trading day. The options will vest in three tranches: 30% after the first year, 30% after the second year, and 40% after the third year. Employees can exercise the options within five years from the vesting date. This initiative aligns with the bank’s strategy to enhance employee motivation and retention, suggesting a positive outlook for the company’s workforce stability.