Ujjivan Small Finance Bank Limited — Others, 24-03-2025: ESOP/ESOS/ESPS

Ujjivan Small Finance Bank has announced a board meeting where the Nomination and Remuneration Committee approved the grant of 30,40,164 options under the Bank ESOP Scheme 2019 to eligible employees. Each option gives the right to subscribe for one fully paid equity share at an exercise price of Rs. 34.33. The vesting schedule allocates 20% in the first two years and 30% in the next two years, with a five-year exercise period following vesting.

This move is likely to enhance employee motivation and align interests with shareholders, potentially improving operational performance. Investors may view this as a positive outlook for the bank’s ability to attract and retain talent amidst competitive market dynamics.