Time Technoplast Grants 17.55 Lakh Stock Options at ₹151

Time Technoplast Ltd announced that its Compensation Committee has approved the grant of 17,55,000 stock options to eligible employees under the 'Time Technoplast Limited - Employees Stock Option Plan 2017'. The options are exercisable at ₹151 per share and represent 0.35% of the company's paid-up capital. These options will vest after one year from the grant date, September 24, 2027. This is the second grant under the ESOP 2017 scheme, aimed at retaining and motivating employees by rewarding their performance, service, and contribution to the company's growth. The scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.