Investment31 March 2026 at 07:58 am
Texmaco Rail & Engineering Ltd Approves Long Term Incentive Plan ('LTIP') Scheme
AI Summary
Texmaco Rail & Engineering Ltd announced the approval of the Texmaco Long Term Incentive Plan ('LTIP') Scheme by its Board of Directors. The scheme aims to create, offer, grant, issue, and allot options for up to 24,00,000 Equity Shares of Rs. 1/- each of the company, subject to shareholders' approval as required under SEBI regulations and the Companies Act, 2013. The scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The options will be granted to key executives of the company in one or more tranches, with the plan becoming effective after necessary approvals.
Key Highlights
- Texmaco Rail & Engineering Ltd approved the Texmaco Long Term Incentive Plan ('LTIP') Scheme.
- The scheme aims to grant up to 24,00,000 options to key executives.
- The scheme is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
- The options will be granted in one or more tranches post shareholders' approval.
- The scheme will become effective after necessary regulatory and statutory approvals.