Federal Bank Allots Equity Shares to Employees Under ESOS 2010 and ESOS 2017 Schemes

Federal Bank has allotted equity shares to eligible option grantees following the exercise of stock options under its Employee Stock Option Schemes. The allotments, approved by the Nomination, Remuneration, Ethics and Compensation Committee, were made after receipt of payment from the respective allottees and are effective May 03, 2026.

Allotment Details Under ESOS Schemes

The bank completed allotments under two distinct ESOS schemes. The following table summarises the key details of each allotment:

Parameter: ESOS 2010 Scheme ESOS 2017 Scheme Number of Equity Shares Allotted: 21,875 3,74,244 Face Value Per Share: Rs. 2/- Rs. 2/- Allotment Date: May 03, 2026 May 03, 2026 Allottees: Option Grantees Option Grantees

Regulatory Disclosure

The allotment was communicated to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30, in accordance with applicable disclosure requirements. The intimation was issued by the Secretarial Department of Federal Bank, bearing reference SEC/ESOS/43/2026-27, and signed by Company Secretary Samir P Rajdev on May 04, 2026.

Key Highlights

ESOS 2010: 21,875 equity shares allotted with a face value of Rs. 2/- each

ESOS 2017: 3,74,244 equity shares allotted with a face value of Rs. 2/- each

Allotments made following payment by the respective option grantees

Approved by the Nomination, Remuneration, Ethics and Compensation Committee

Disclosure filed with both NSE and BSE on May 04, 2026

Federal Bank has received Board of Directors' approval to acquire a select portfolio of retail credit cards from Standard Chartered Bank India, marking a significant strategic expansion in the retail banking segment. The decision was formalized during a Board meeting held on April 30, 2026, as disclosed under Regulation 30 of the SEBI LODR Regulations.

Board Meeting Timeline

The Board meeting followed an extended schedule across two days. The meeting commenced at 01:20 p.m. on April 29, 2026, was subsequently adjourned, and resumed the following day at 10:00 AM on April 30, 2026. The specific matter regarding the credit card portfolio acquisition was considered and approved at 11:15 AM on April 30, 2026.

Meeting Parameter: Details Meeting Start: April 29, 2026 at 01:20 p.m. Meeting Resumed: April 30, 2026 at 10:00 AM Approval Time: April 30, 2026 at 11:15 AM Meeting Status: Continuing for other agenda items

Transaction Structure

The acquisition will be executed through a deed of assignment (DOA) between Federal Bank Ltd and Standard Chartered Bank India. Under this arrangement, Federal Bank will acquire the select retail credit card portfolio from SCB India. The transaction represents a strategic move to strengthen the bank's retail banking capabilities and expand its credit card business.

Regulatory Compliance and Communication

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was formally communicated to both the National Stock Exchange of India Limited and BSE Limited through the bank's secretarial department under reference SEC/LODR/36/2026-27.

Regulatory Details: Information Reference Number: SEC/LODR/36/2026-27 NSE Symbol: FEDERALBNK BSE Scrip Code: 500469 Regulation: SEBI LODR Regulation 30

Next Steps and Updates

Federal Bank has committed to keeping stakeholders informed about the transaction's progress. The bank stated it will provide updates on the execution of the deed of assignment in due course, ensuring transparency throughout the acquisition process. The communication was signed by Company Secretary Samir P Rajdev and digitally authenticated on April 30, 2026, at 11:26:33 +05'30'.

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