Fino Payments Bank Limited — Board Meeting, 18-12-2024: Outcome of Board Meeting

Fino Payments Bank Limited has announced a board meeting outcome where the Board approved the Employee Stock Option Policy, 2024 (ESOP 2024). This policy allows for the issuance of 5,00,000 equity shares at a face value of ₹10 each, subject to shareholder approval. Each stock option will vest over three years, with one-third vesting annually. The exercise price will be based on the market price on the previous day's closing, ensuring it is not less than the face value. This move reflects strategic efforts to incentivize and retain employees.