NSEUpdates6 Sept 2026 · 6 Sept 2026, 09:54 pm
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HDFC Bank Limited · HDFCBANK
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HDFC Bank Limited has informed the Exchange regarding the grant of stock options and restricted stock units under Employees Stock Option Scheme 2024 and Employees Stock Incentive Master Scheme 2022 to its employees.
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HDFC Bank Limited has informed the Exchange regarding 'Grant of stock options under Employees Stock Option Scheme 2024 and Grant of Restricted Stock Units under Employees Stock Incentive Master Scheme 2022'.
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HDFCBANK_06092026214946_Draft_SE_intimation_LTI_grant.pdf
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CIN: L65920MH1994PLC080618 HDFC Bank Limited,
EEmail:shareholder.grievances@hdfcbank.com HDFC House,
Website: www.hdfcbank.com H T Parekh Marg,
165-166 Backbay Reclamation,
Churchgate, Mumbai- 400 020
Tel. No.: 022-66316000
Ref.no SE/2026-27/99
September 6, 2026
BSE Limited National Stock Exchange of India Limited
Dept. of Corporate Services The Listing Department
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Fort, Bandra Kurla Complex,
Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 500180 Scrip Symbol: HDFCBANK
Dear Sir/ Madam,
Sub: Grant of stock options under Employees’ Stock Option Scheme (ESOS – Plan H-2024)
and Grant of Restricted Stock Units under Employees’ Stock Incentive Master
Scheme – 2022
Pursuant to the applicable provisions of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we wish to inform you that the Governance, Nomination and Remuneration
Committee (GNRC) of the Bank, on September 6, 2026, has granted:
(1) 5,86,95,020 equity stock options of face value of Re. 1/- (“options”) each at the grant price of Rs.
712.10 (Rupees Seven Hundred Twelve and Paise Ten only) convertible into one equity share each
of the Bank upon vesting and exercise under Employees’ Stock Option Scheme ESOS – 063
(ESOS 063).
Vesting of the options shall happen in 4 stages as under:
• 15% rounded off to the nearest 100 on completion of twelve months from the grant date
• 20% rounded off to the nearest 100 on completion of twenty-four months from the grant date
• 25% rounded off to the nearest 100 on completion of thirty-six months from the grant date
• Balance on completion of forty-eight months from the grant date
The vested options must be exercised within a period of 4 years from the respective dates of their
vesting, failing which, they shall lapse forthwith. The options have been granted under the Scheme
titled Employees’ Stock Option Scheme ESOS – Plan H-2024 (ESOS H-2024) in terms of SEBI
(Share Based Employee Benefits and Sweat Equity) Regulations, 2021 as amended from time to
time.
(2) 2,90,430 equity stock options of the face value of Re. 1/- (“options”) each at the grant price of Rs.
712.10 (Rupees Seven Hundred Twelve and Paise Ten only) convertible into one equity share each
of the Bank upon vesting and exercise under Employees’ Stock Option Scheme ESOS – 064
(ESOS 064).
Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013
Vesting of the options shall happen in 4 stages as under:
• 15% rounded off to the nearest 100 on completion of twelve months from the grant date
• 20% rounded off to the nearest 100 on completion of twenty-four months from the grant date
• 25% rounded off to the nearest 100 on completion of thirty-six months from the grant date
• Balance on completion of forty-eight months from the grant date
The vested options must be exercised within a period of 4 years from the respective dates of their
vesting, failing which, they shall lapse forthwith. The options have been granted under the Scheme
titled Employees’ Stock Option Scheme ESOS – Plan H-2024 (ESOS H-2024) in terms of SEBI
(Share Based Employee Benefits and Sweat Equity) Regulations, 2021 as amended from time to
time.
(3) 1,53,73,400 restricted stock units of face value of Re. 1/- (“units”) each at the grant price of Re.
1/- (Rupee One only) convertible into one equity share of Re. 1 each of the Bank upon vesting and
exercise in terms of the Employees’ Stock Incentive Master Scheme – 2022 under the scheme
titled “RSU 018”.
Vesting of the units shall happen in 4 stages as under:
• 15% rounded off to the nearest 10 on completion of twelve months from the grant date
• 20% rounded off to the nearest 10 on completion of twenty-four months from the grant date
• 25% rounded off to the nearest 10 on completion of thirty-six months from the grant date
• Balance on completion of forty-eight months from the grant date
The vested units must be exercised within a period of 1 year from the respective dates of their
vesting, failing which, they shall lapse forthwith. The units have been granted under the Scheme
titled “RSU 018” in terms of SEBI (Share Based Employee Benefits and Sweat Equity)
Regulations, 2021 as amended from time to time.
(4) 65,287 restricted stock units of face value of Re. 1/- (“units”) each at the grant price of Re. 1/-
(Rupee One only) convertible into one equity share of Re. 1 each of the Bank upon vesting and
exercise in terms of the Employees’ Stock Incentive Master Scheme – 2022 under the scheme
titled “RSU 019”.
Vesting of 100% of the units would happen on completion of twelve months from the grant date.
The vested units must be exercised within a period of 1 year from the date of their vesting, failing
which, they shall lapse forthwith. The units have been granted under the Scheme titled “RSU 019”
in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 as
amended from time to time.
(5) 12,80,130 restricted stock units of face value of Re. 1/- (“units”) each at the grant price of Re. 1/-
(Rupee One only) convertible into one equity share of Re. 1 each of the Bank upon vesting and
Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013
exercise in terms of the Employees’ Stock Incentive Master Scheme – 2022 under the scheme
titled “RSU 020”.
Vesting of the units shall happen in 3 stages as under:
• 30% rounded off to the nearest 10 on completion of twelve months from the grant date
• 30% rounded off to the nearest 10 on completion of twenty-four months from the grant date
• Balance on completion of thirty-six months from the grant date
The vested units must be exercised within a period of 1 year from the respective dates of their
vesting, failing which, they shall lapse forthwith. The units have been granted under the Scheme
titled “RSU 020” in terms of SEBI (Share Based Employee Benefits and Sweat Equity)
Regulations, 2021 as amended from time to time.
This is for your information and appropriate dissemination.
Yours sincerely,
For HDFC Bank Limited
Ajay Agarwal
Company Secretary
Group Head – Secretarial & Group Oversight
Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013