Options to purchase securities

July 01, 2026 BSE Limited National Stock Exchange of India Limited P.J. Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra - Kurla Complex, Mumbai- 400 001 Bandra (E), Mumbai - 400 051 (Scrip Code: 543386) (Symbol: FINOPB) Dear Sir/Madam, Sub: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Grant of Stock Options under Fino Payments Bank Limited - Employee Stock Option Policy, 2020 (“ESOP 2020”) and Fino Payments Bank Limited - Employee Stock Option Policy, 2023 (“ESOP 2023”) In compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 [“SEBI (SBEB & SE) Regulations”], the Nomination & Remuneration Committee (“NRC”) of Fino Payments Bank Limited (“Bank”) vide circular resolution dated July 01, 2026, has approved the grant of stock options to eligible employees of the Bank as below: Particulars ESOP 2020 ESOP 2023 Grant of stock options 1,75,178 1,85,008 The disclosure pursuant to SEBI Master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 (updated as on January 30, 2026) is enclosed herewith as Annexure – A. This disclosure will also be available on Bank’s website i.e. www.fino.bank.in. Kindly take the same on record. Thanking You Yours faithfully, For Fino Payments Bank Limited Basavraj Loni Company Secretary & Compliance Officer Encl: a/a Fino Payments Bank Limited CIN: L65100MH2007PLC171959 Registered Office: Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1, 8th Floor, TTC Industrial Area, MIDC Shirwane, Juinagar, Navi Mumbai - 400 706 | Tel: (+91 22) 7104 7000 | website: www.fino.bank.in | e-mail: cs@fino.bank.in Annexure - A Disclosure pursuant to Regulation 30 read with read with SEBI Master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 (updated as on January 30, 2026) Particulars ESOP 2020 ESOP 2023 Brief details of options Grant of 1,75,178 stock options Grant of 1,85,008 stock options granted to eligible employees of Fino to eligible employees of Fino Payments Bank Limited (“Bank”) Payments Bank Limited under Fino Payments Bank- (“Bank”) under Fino Payments Employee Stock Option Policy, Bank- Employee Stock Option 2020 (“ESOP 2020”), as Policy, 2020 (“ESOP 2020”), as approved by the Nomination & approved by the Nomination & Remuneration Committee Remuneration Committee (“NRC”). (“NRC”). Whether the scheme is in terms of SEBI (Share Based Employee Benefits & Yes Yes Sweat Equity) Regulations, 2021 Total number of shares Each Stock Option carries the Each Stock Option carries the covered by these options right to apply for and be allotted 1 right to apply for and be allotted (one) equity share of face value 1 (one) equity share of face of ₹ 10 each of the Bank. value of ₹ 10 each of the Bank. Accordingly, 1,75,178 equity Accordingly, 1,85,008 equity shares of ₹ 10 each of the Bank shares of ₹ 10 each of the Bank shall be allotted against these shall be allotted against these Stock Options, if exercised. Stock Options, if exercised. Pricing Formula/ Exercise The Exercise Price of these stock As per ESOP 2023, the exercise Price options have been determined as price for options shall be at 25% discount of Market Price (on the ₹ 143.29/- per option i.e. based previous day’s closing price on on the previous day’s closing the Stock Exchange having price i.e. June 30, 2026 at the highest trading volumes of the National Stock Exchange of Bank’s shares) which shall not India, wherein the highest be less than the face value of volumes of the Bank’s shares the Equity Shares of the Bank. have been traded. Accordingly, the Exercise Price of these stock options have been determined as ₹ 107.47/- per option at 25% of discount on the market price based on the previous day’s closing price at the National Stock Exchange of India, wherein the highest Fino Payments Bank Limited CIN: L65100MH2007PLC171959 Registered Office: Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1, 8th Floor, TTC Industrial Area, MIDC Shirwane, Juinagar, Navi Mumbai - 400 706 | Tel: (+91 22) 7104 7000 | website: www.fino.bank.in | e-mail: cs@fino.bank.in Particulars ESOP 2020 ESOP 2023 volumes of the Bank’s shares have been traded. Option Vested Options granted under ESOP, Options granted under ESOP, 2020 shall vest as under: 2023 shall vest as under: At the Year 1 Nil from date of At the end of 33.33% of Grant of option First (1st) Year Options so At the Year 2 33.33% of from the date granted from date of options so of Grant of Grant of option granted Options (i.e. after the At the end of 33.33% of end of first year Second (2nd) Options so from the date of Year from the granted grant of option) date of Grant At the Year 3 33.33% of of Options from the date of options so At the end of Balance Grant of option granted Third (3rd) Year 33.33% of (i.e. after the from the date Options so end of second of Grant of granted year from the Options date of grant of option) At the Year 4 Balance from date of 33.33% of Grant of option the options (i.e. after the so granted end of third year from the date of grant of option) Time within which option The said options shall be The said options shall be may be exercised exercised by the eligible exercised by the eligible employee of the Bank in employee of the Bank in accordance with ESOP 2020 accordance with ESOP 2023, inter-alia in case while in inter-alia in case while in employment; and post employment; and post resignation within a period resignation within a period mentioned below: mentioned below: i. While in employment: 5 i. While in employment: 5 years from date of vesting years from date of vesting ii. Post resignation of ii. Post resignation of employment: 3 years employment: 3 years the Fino Payments Bank Limited CIN: L65100MH2007PLC171959 Registered Office: Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1, 8th Floor, TTC Industrial Area, MIDC Shirwane, Juinagar, Navi Mumbai - 400 706 | Tel: (+91 22) 7104 7000 | website: www.fino.bank.in | e-mail: cs@fino.bank.in Particulars ESOP 2020 ESOP 2023 from date of his/her last date of his/her last working working day with the day with the Bank. Bank Options exercised Not Applicable under said grant Not Applicable under said grant Money realized by exercise Not Applicable under said grant Not Applicable under said grant of options The total number of shares Not exceeding 1,75,178 equity Not exceeding 1,85,008 equity arising as a result of shares of ₹ 10 each of the Bank shares of ₹ 10 each of the Bank exercise of option shall be issued against these shall be issued against these Stock Options, if exercised. Stock Options, if exercised. Option lapsed Not Applicable under said grant Not Applicable under said grant Variation of terms of options Not Applicable under said grant Not Applicable under said grant Brief details of significant The ESOP 2020 shall be ESOP 2023 shall be terms administered by the NRC. administered by the NRC. The NRC shall in accordance The NRC shall decide upon the with ESOP 2020 and applicable quantum of Options to be laws decide upon the quantum of granted to each Eligible options to be granted per Employee and the eligibility employee and the eligibility criteria. criteria. Upon a valid exercise of a Upon a valid exercise of a vested vested option by the eligible option by the eligible employee, employee, each vested option each vested option will entitle 1 will entitle 1 (one) equity share (one) equity share of the Bank. of the Bank. Subsequent changes or Not Applicable under said grant Not Applicable under said grant cancellation or exercise of such options Diluted earnings per share Not Applicable under said grant Not Applicable under said grant pursuant to issue of Equity Shares on exercise of options Fino Payments Bank Limited CIN: L65100MH2007PLC171959 Registered Office: Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1, 8th Floor, TTC Industria [Showing first 8,000 characters — download PDF for full document]