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CSB Bank informs about grant of stock options under ESOS

29 Jul 2024 Evaluate

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), CSB Bank has informed that the Nomination & Remuneration Committee (‘Committee’) of the Board of Directors of the bank, in its meeting held on July 29, 2024, has approved grant of 7,06,932 stock options (‘Options’) to the eligible employees of the Bank under CSB Employee Stock Option Scheme 2019 (‘Scheme’), exercisable into not more than 7,06,932 equity shares of face value of Rs 10 each fully paid-up of the Bank, at an exercise price of Rs 358.20 per equity share. The disclosures required as per the SEBI Regulations, read with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, are enclosed. The meeting of the Nomination and Remuneration Committee of the Board of Directors of the Bank commenced at 9.30 am and concluded at 10.50 am. This intimation is also made available on the website of the Bank at www.csb.co.in.

The above information is a part of company’s filings submitted to BSE.


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