Tata Power has granted 50,73,760 employee stock options to eligible employees under its Employee Stock Option Plan 2023. The grant was approved by the Nomination and Remuneration Committee on November 11, 2025, following shareholder approval on September 25, 2023. These options can be exercised into equity shares with a face value of ₹1 each.
ESOP Grant Details
Tata Power has announced the grant of 50,73,760 employee stock options to eligible employees under ‘The Tata Power Company Limited – Employee Stock Option Plan 2023’.
Approval and Eligibility
The Nomination and Remuneration Committee approved the grant at its meeting on November 11, 2025. This follows the authority granted by the shareholders through a postal ballot dated September 25, 2023. The options were granted to eligible employees as determined by the Nomination and Remuneration Committee.
Key Terms of the Options
Each option can be exercised into one equity share of face value ₹1. The exercise price of each option is ₹395.85, based on the closing market price on November 10, 2025, on the National Stock Exchange of India Limited.
Vesting and Exercise Period
The vested options can be exercised within a maximum period of 2 years from the vesting date. The options will vest not earlier than a minimum of 1 year and not later than a maximum of 3 years from the grant date.
Additional Information
As of the date of the announcement, no options have been exercised or lapsed. No money has been realized from option exercises, and no shares have arisen from such exercises. There have been no variations of terms of the options, and no subsequent changes or cancellations have occurred.
Source: BSE
