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IDFC FIRST BANK LIMITED — Remuneration Information 2021
Oct 28, 2021
59433_rns_2021-10-28_8e1cbe80-9432-477a-aac6-5f02e9bc65c3.pdf
Remuneration Information
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IDFCFIRSTBANK/SD/214/2021-22
October 28, 2021
The Manager-Listing Department The Manager-Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C - 1, G - Block Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (East) Dalal Street, Fort Mumbai 400 051. Mumbai 400 001. NSE - Symbol: IDFCFIRSTB BSE - Scrip Code: 539437
Sub.: IDFC FIRST Bank - Outcome of the Nomination & Remuneration Committee meeting
Ref.: Grant/Cancellation of Stock Options under IDFC FIRST Bank Employee Stock Option Scheme
Dear Sir/ Madam,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended from time to time, the Nomination & Remuneration Committee on October 28, 2021 (Grant Date) has considered and approved grant of 7,00,000 stock options to eligible employee(s) under IDFC FIRST Bank Employee Stock Option Scheme.
These options will vest equally over a period of five years (viz. 20% each year) and the exercise period of these options will be 3 years from date of respective vesting.
Further, during the quarter ended September 30, 2021, total 42,05,185 stock options granted to employees of the Bank under IDFC FIRST Bank Employee Stock Option Scheme stands lapsed, terminated and cancelled, as applicable and the said stock options would be available for grant/ re-issue under the Scheme.
Please take the above on record and acknowledge receipt of the same.
Thanking you,
Yours faithfully, For IDFC FIRST Bank Limited
SATISH ASHOK Digitally signed by SATISH ASHOK GAIKWAD GAIKWAD Date: 2021.10.28 18:06:18 +05'30'
Satish Gaikwad
Head – Legal & Company Secretary
IDFC FIRST Bank Limited
Naman Chambers, C 32, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051. Tel: +91 22 7132 5500 Fax: +91 22 2654 0354 Registered Office: KRM Towers, 7th Floor, No.1, Harrington Road, Chetpet, Chennai - 600 031. Tel: +91 44 4564 4000 Fax: +91 44 4564 4022 CIN: L65110TN2014PLC097792 [email protected] www.idfcfirstbank.com