Texmaco Rail Grants 10,11,707 ESOPs Under LTIP Scheme

Texmaco Rail & Engineering Ltd has announced the grant of 10,11,707 stock options to eligible employees under its Long Term Incentive Plan (LTIP) Scheme, 2026. The grant was approved by the Nomination & Remuneration Committee on July 30, 2026. Each option is convertible into one equity share of face value ₹1. The exercise price is set at the face value of ₹1 per share. Options are exercisable within two years from the date of vesting. The LTIP will be implemented through a fresh issue of shares, and shares allotted upon exercise will not be subject to a lock-in period, ranking pari-passu with existing equity shares.