IDFC First Bank Ltd

The Nomination & Remuneration Committee of the Bank has on May 12 2023 approved the grant of 1800000 stock options of the Bank under IDFC FIRST Bank Limited Employee Stock Option Scheme to eligible employees in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations 2021 [SEBI (SBEB & SE) Regulations]The Exercise Price of the aforesaid stock options have been determined in accordance with the SEBI (SBEB & SE) Regulations and the said stock options will vest equally over a period of five years (viz. 20% each year) with an exercise period of 3 years from date of respective vesting.