Karur Vysya Bank Grants ESOPs to MD & CEO and Executive Director
Karur Vysya Bank granted 46,018 options to MD & CEO B Ramesh Babu and 14,122 options to Executive Director B Sankar under the KVB ESOS 2018 Scheme. Options were priced at ₹346.60 each, based on the closing price of September 2, 2026. Vesting occurs over three years.
The grant of ESOPs to key management is a routine compensation event and is unlikely to have a significant immediate impact on the bank's stock price or overall financial performance. The number of options granted is relatively small compared to the total outstanding shares.
The announcement concerns the routine grant of employee stock options to key management personnel, which is a standard compensation practice and does not inherently indicate a positive or negative shift in the company's financial performance or outlook.
Karur Vysya Bank Limited (KARURVYSYA) announced that its Nomination and Remuneration Committee, in a meeting held on September 3, 2026, approved the grant of stock options under the KVB ESOS 2018 Scheme. Shri B Ramesh Babu, Managing Director & CEO, was granted 46,018 options, and Shri B Sankar, Executive Director, received 14,122 options.
The options were granted at a price of ₹346.60 per option, which was the closing price on the National Stock Exchange (NSE) on September 2, 2026. This grant forms part of their non-cash component of variable pay for FY 2025-26, as approved by the Reserve Bank of India. Each option entitles the holder to one equity share.
The vesting schedule for these options is as follows: 33.33% of the options will vest one year from the date of the grant, another 33.33% will vest two years from the grant date, and the remaining 33.34% will vest three years from the grant date. This grant is in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
A plain-language summary of a public exchange filing by Karur Vysya Bank Limited. Read the original for the full detail.