ESOP18 Sept 2026, 06:20 pm
Titan Grants 7.35 Lakh PSUs Under 2026 Scheme
AI Summary
Titan Company Ltd announced the grant of 7,35,550 Performance Stock Units (PSUs) to 168 eligible employees under its Performance Based Stock Unit Scheme 2026. Each PSU entitles the holder to one equity share of ₹1 upon vesting and exercise. The shares will be acquired by the Titan Employee Stock Option Trust through secondary acquisition, avoiding fresh issuance and dilution. The exercise price is ₹1 per PSU. Vesting is scheduled for May 15, 2029, with an exercise period of two years post-vesting. This move is implemented via the Trust Route, adhering to SEBI (SBEB) Regulations, 2021.
Key Highlights
- 7,35,550 PSUs granted to 168 employees.
- PSUs convertible to equity shares at ₹1 exercise price.
- Scheme implemented via Trust Route, no fresh equity issuance.
- Vesting on May 15, 2029; exercise within 2 years post-vesting.
- No EPS dilution expected from this grant.
Price Impact
More from TITAN