TTK Prestige grants 1,92,709 stock options under LTIP 2023
TTK Prestige Ltd. has announced the grant of 192,709 stock options to eligible employees under its Long Term Incentive (Stock Option) Plan 2023, which was approved by shareholders in March 2023. The Nomination and Remuneration Committee approved this grant on April 27, 2026. These options comprise both Time Linked and Performance Linked categories, each convertible into one equity share of Re.1/- face value. The exercise price for Time Linked Options is ₹468.23, representing a 10% discount to the NSE's closing price on April 24, 2026, while Performance Linked Options are priced at face value (₹1.00). The options will vest in four annual tranches of 25% each, starting one year after the grant date, subject to fulfillment of grant conditions. Employees can exercise these options within two years of vesting. The scheme aligns with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Key Highlights
- TTK Prestige granted 192,709 stock options to eligible employees.
- Options include Time Linked (₹468.23) and Performance Linked (₹1.00).
- Vesting occurs in 25% annual tranches over four years.
- The grant is under the Long Term Incentive Plan 2023.
- This grant could lead to future equity dilution.
Price Impact
More from TTKPRESTIG