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Axis Bank Limited's Nomination and Remuneration Committee, at its meeting on July 16, 2025, granted 1,37,575 stock options to eligible employees. These options were issued under the Axis Bank Employees Stock Option Scheme 2000-01 at an exercise price of Rs. 1,165.90 per option. The options will vest over three years, with 30% after one year, 30% after two years, and 40% after three years from the grant date.
| Date | 16 Jul 2025 |
| Time | 09:38:49 |
| Category | Miscellaneous |
| ID | 2977R |
AXIS/CO/CS/171/2025-26
July 16, 2025
|
National Stock Exchange of India Limited Exchange Plaza, 5th Floor Plot No. C/1, "G" Block Bandra-Kurla Complex Bandra (E), Mumbai - 400 051
NSE Symbol: AXISBANK |
BSE Limited 1st Floor, P. J. Towers, Dalal Street Fort, Mumbai - 400 001
BSE Scrip Code: 532215 |
Dear Sir/Madam,
|
REF.: |
DISCLOSURE UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 |
|
SUB.: |
GRANT OF STOCK OPTIONS/UNITS |
This is to inform you that the Nomination and Remuneration Committee at its meeting held today i.e., July 16, 2025, has granted 1,37,575 stock options at an exercise price of Rs. 1,165.90/- per option under the Axis Bank Employees Stock Option Scheme 2000-01 to the eligible employees of the Bank.
Disclosures as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure A.
The meeting commenced at 10.30 am (IST) and concluded at 1:40 pm (IST).
This is for your information and records.
Yours faithfully,
For Axis Bank Limited
Sandeep Poddar
Company Secretary
CC:
London Stock Exchange
Singapore Stock Exchange
Annexure A
|
Sr. No. |
Particulars |
Grant under Axis Bank Employees Stock Option Scheme 2000-01 |
|
(a) |
Brief details of options/units granted |
1,37,575 options. |
|
(b) |
Whether the scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 |
Yes |
|
(c) |
Total number of shares covered by these options/units |
1,37,575 equity shares of Rs. 2/- each of the Bank. |
|
(d) |
Pricing Formula |
Granted at the latest available closing price prevailing on NSE being the Stock Exchange which recorded the highest trading volume in the equity shares of the Bank on July 15, 2025 i.e., being the previous trading day immediately preceding the date on which the grant of options was approved by the NRC. |
|
(e) |
Option Vested |
The said options shall vest, as under: - At the end of 1 year from the date of grant - 30% of granted options. - At the end of 2 years from the date of grant - 30% of granted options. - At the end of 3 years from the date of grant - 40% of granted options |
|
(f) |
Time within which option/units may be exercised |
The said options can be exercised by the grantees, within a period of 5 years from the date of respective vesting. |
http://www.rns-pdf.londonstockexchange.com/rns/2977R_1-2025-7-16.pdf