Tata Communications Limited has announced the approval of 14,916 Restricted Stock Units (RSUs) to eligible employees under the ‘Tata Communications Limited – Stock Unit Plan 2023’. This grant, effective November 1, 2026, was approved by the Nomination and Remuneration Committee (NRC) as authorized by the shareholders. The RSUs are exercisable into equity shares with a face value of ₹10 each and have specific vesting and exercise period conditions.
Stock Option Grant Approved
Tata Communications Limited has received approval for the grant of 14,916 Restricted Stock Units (RSUs) to its eligible employees. This significant issuance is part of the company’s ‘Tata Communications Limited – Stock Unit Plan 2023’, with an effective grant date of November 1, 2026. The approval was granted by the Nomination and Remuneration Committee (NRC) of the company, in accordance with the authority provided by the shareholders at the 37th Annual General Meeting held on July 18, 2023.
Details of the RSU Grant
The RSUs are structured to be exercisable into a corresponding number of equity shares of Tata Communications Limited. Each equity share has a face value of ₹10/-. The scheme adheres to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Key Terms of the Grant
- Number of RSUs Granted: 14,916
- Face Value per Equity Share: ₹10/-
- Vesting Period: RSUs will vest upon satisfaction of time-based criteria. Vesting will occur no earlier than 1 year and no later than 3 years from the grant date.
- Exercise Period: Once vested and confirmed, RSUs can be exercised within a maximum period of 1 year from the date of vesting.
The company is making this disclosure as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
