As authorized by the Nomination, Remuneration, Ethics and Compensation Committee, Federal Bank has informed that it enclosed allotments have been made after payment of money by the allottees: Allotment of 3,250 (Three thousand and two hundred fifty only) Equity Shares with face value of Rs 2 each of the Bank to the Option Grantees upon exercise of stock options under ESOS 2010 Scheme on November 21, 2022; Allotment of 2,98,453 (Two lakh ninety eight thousand and four hundred fifty three only) Equity Shares with face value of Rs 2 each of the Bank to the Option Grantees upon exercise of stock options under ESOS 2017 Scheme on November 21, 2022.
The above information is a part of company’s filings submitted to BSE.