IDFC FIRST Bank Limited has announced the allotment of 39,49,026 equity shares under its Employee Stock Option Scheme (ESOS) on November 6, 2025. This decision was made by the Bank's authorized Committee of the Board of Directors. The shares, which have a face value of ₹10 each and are fully paid-up, will be distributed to eligible employees who exercised their stock options. These newly allotted shares will rank equally with existing shares in all respects, reinforcing the bank's commitment to rewarding its workforce.
Following the allotment, the bank's issued and paid-up equity share capital will increase from ₹85,89,14,23,490 to ₹85,93,09,13,750. This change reflects an increase in equity shares from 8,58,91,42,349 to 8,59,30,91,375, showcasing the bank's ongoing growth and employee engagement strategy. The ESOP initiative is part of IDFC FIRST Bank's efforts to incentivize employees and align their interests with that of shareholders, thereby fostering a culture of ownership and commitment within the organization.
The announcement was made in compliance with the Securities and Exchange Board of India (SEBI) Listing Regulations, ensuring transparency and adherence to regulatory standards. The bank's proactive approach in managing its employee stock options not only enhances employee morale but also strengthens its overall performance in the competitive banking sector. As IDFC FIRST Bank continues to expand its operations, such initiatives may play a crucial role in attracting and retaining top talent in the industry.