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 2,05,220 (Two lakh Five thousand two hundred and twenty 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 20, 2023; Allotment of 14,23,716 (Fourteen lakh twenty three thousand seven hundred and sixteen 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 20, 2023.
The above information is a part of company’s filings submitted to BSE.