ESOP5 Sept 2026, 06:21 pm
Texmaco Rail Grants 21,073 ESOPs Under LTIP Scheme 2026
AI Summary
Texmaco Rail & Engineering Ltd has announced the grant of 21,073 stock options to eligible employees under its Long Term Incentive Plan (LTIP) Scheme, 2026. The Nomination & Remuneration Committee approved the grant, which is in compliance with SEBI (Share Based Employee Benefits) Regulations, 2021. 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 can be exercised 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.
Key Highlights
- 21,073 stock options granted under LTIP Scheme 2026.
- Exercise price set at ₹1 per equity share (face value).
- Options exercisable within two years of vesting.
- Implementation via fresh issue, no lock-in for new shares.
- Grant aligns with SEBI Share Based Employee Benefits Regulations.
Price Impact
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