ESAF Small Finance Bank Limited — Others, 16-05-2025: ESOP/ESOS/ESPS

ESAF Small Finance Bank has announced a board meeting on granting 9,64,196 stock options to eligible employees under its 2019 Employee Stock Option Scheme. Each option can be converted into one equity share at Rs. 10, with a one-year vesting period followed by a one-year exercise window. The exercise price is set at a 75% discount to the higher of the previous Friday’s closing price or face value. Details on options exercised, funds raised, and shares to be issued will be disclosed after the exercise period ends.