SHAH NIRAV VIMAL enters HDFC BANK LTD with 1.25M shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Direct Derivatives

SHAH NIRAV VIMAL

Filed: 3/17/2026ACC: 0002113170-26-000002

InsiderSHAH NIRAV VIMALCIK 2113170

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IssuerHDFC BANK LTDCIK 1144967

Officer· Group Head Corporate Banking

Since Mar 2026

1.25M

Baseline shares

100% direct

1.25M

Direct ownership

1 position

881.42K

Derivative underlying

19 instruments

Security positions

All direct

Non-Derivative Holdings1

Equity Shares

Direct

Shares owned1.25M

Total

1.25M direct1.25M

Security Title	Shares Owned	Ownership Type
Equity Shares	1.25M	Direct
Total	1.25M	1.25M direct

Derivative Holdings19

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

41.60K

Shares owned

N/A

Exercise price

9.54

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

44.80K

Shares owned

N/A

Exercise price

9.00

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

41.60K

Shares owned

N/A

Exercise price

9.54

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

44.80K

Shares owned

N/A

Exercise price

7.85

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

30.70K

Shares owned

N/A

Exercise price

10.63

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

44.80K

Shares owned

N/A

Exercise price

9.00

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

44.98K

Shares owned

N/A

Exercise price

9.00

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

18.40K

Shares owned

N/A

Exercise price

10.63

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

51.80K

Shares owned

N/A

Exercise price

7.85

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

52K

Shares owned

N/A

Exercise price

7.85

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

49.14K

Shares owned

N/A

Exercise price

10.63

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

24.60K

Shares owned

N/A

Exercise price

10.63

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

44.60K

Shares owned

N/A

Exercise price

7.85

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

44.80K

Shares owned

N/A

Exercise price

9.00

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

44.80K

Shares owned

N/A

Exercise price

7.85

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

130K

Shares owned

N/A

Exercise price

6.80

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

44.80K

Shares owned

N/A

Exercise price

7.85

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

41.60K

Shares owned

N/A

Exercise price

9.54

Expiration

—

Exercise window

—

Employee Stock Option (Right to Buy)

Direct

Underlying security

Equity Shares

Underlying shares

41.60K

Shares owned

N/A

Exercise price

9.54

Expiration

—

Exercise window

—

Total

Underlying

881.42K

Owned

0.00

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Employee Stock Option (Right to Buy) Direct	Equity Shares	9.54	—	—	41.60K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	9.00	—	—	44.80K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	9.54	—	—	41.60K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	7.85	—	—	44.80K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	10.63	—	—	30.70K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	9.00	—	—	44.80K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	9.00	—	—	44.98K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	10.63	—	—	18.40K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	7.85	—	—	51.80K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	7.85	—	—	52K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	10.63	—	—	49.14K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	10.63	—	—	24.60K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	7.85	—	—	44.60K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	9.00	—	—	44.80K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	7.85	—	—	44.80K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	6.80	—	—	130K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	7.85	—	—	44.80K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	9.54	—	—	41.60K	N/A
Employee Stock Option (Right to Buy) Direct	Equity Shares	9.54	—	—	41.60K	N/A
Total					881.42K	0.00