We wish to inform you that the members of the Nomination & Remuneration Committee at its meeting held on October 31, 2020 has inter-alia considered and approved grant of 9,40,000 stock options to eligible employees under IDFC FIRST Bank Employee Stock Option Scheme at market price determined as per the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014, as amended from time to time.<BR> <BR> Further, during the quarter ended September 30, 2020, 31,84,100 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 shall be available for grant/ re-issue under IDFC FIRST Bank Employee Stock Option Scheme.<BR>
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