Fino Payments Bank Grants Stock Options Under ESOP 2020 & 2023
Fino Payments Bank Limited approved the grant of 1,75,178 stock options under ESOP 2020 and 1,85,008 stock options under ESOP 2023 on July 01, 2026. The exercise price for ESOP 2020 is ₹143.29, and for ESOP 2023 is ₹107.47. Vesting schedules and exercise periods are detailed for both policies.
Granting stock options is a standard employee compensation practice and typically has a limited immediate impact on the company's stock price or overall financial performance.
The announcement is a routine grant of stock options to employees as per existing policies and does not contain any significant positive or negative financial or operational news.
Fino Payments Bank Limited has approved the grant of stock options to eligible employees under its Employee Stock Option Policy, 2020 (ESOP 2020) and Employee Stock Option Policy, 2023 (ESOP 2023). The Nomination & Remuneration Committee (NRC) of the Bank approved this grant via a circular resolution on July 01, 2026.
Under ESOP 2020, a total of 1,75,178 stock options have been granted. Each option carries the right to one equity share of face value ₹10. The exercise price for these options is set at ₹143.29 per option, based on the previous day's closing price on the National Stock Exchange of India as of June 30, 2026.
Under ESOP 2023, 1,85,008 stock options have been granted. The exercise price for these options is determined at a 25% discount to the market price, which is ₹107.47 per option, based on the previous day's closing price on the National Stock Exchange of India. This price is not less than the face value of the equity shares.
Options under ESOP 2020 vest over a period of four years from the grant date, with 33.33% vesting at the end of year 2, another 33.33% at the end of year 3, and the balance at the end of year 4. Options granted under ESOP 2023 vest over three years, with 33.33% vesting at the end of the first year, 33.33% at the end of the second year, and the balance at the end of the third year from the grant date.
In both policies, exercised options can be exercised by employees while in employment within 5 years from the date of vesting, and post-resignation within 3 years from their last working day with the Bank. The ESOP policies are administered by the NRC, which decides on the quantum of options and eligibility criteria.
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Fino Payments Bank Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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