NOCIL Grants 1,04,960 PRSUs Under LTIP 2024

NOCIL Ltd announced the grant of 1,04,960 Performance Restricted Stock Units (PRSUs) under its Long Term Incentive Plan (LTIP) 2024. The PRSUs, which are deeply discounted options, were approved by the Nomination and Remuneration Committee on September 23, 2026. These PRSUs vest at the end of three years from the grant date and can be exercised five years from the grant date, with an exercise price of Rs. 10 per share. The LTIP 2024, approved by shareholders at the 62nd AGM on August 8, 2024, aims to motivate and retain talent by aligning employee interests with corporate growth and fostering an ownership culture. The total grant under the LTIP can aggregate up to 85,00,000 shares.