Federal Bank has informed that as approved by the Nomination, Remuneration, Ethics and Compensation Committee, the following allotments have been made after payment of money by the allottees: Allotment of 6,150 (Six thousand one 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 May 22, 2023; Allotment of 1,78,868 (One lakh seventy eight thousand and eight hundred sixty eight 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 May 22, 2023.
The above information is a part of company’s filings submitted to BSE.