The Board of Directors at Eicher Motors Limited convened a meeting on February 10, 2026, to approve the issuance of new equity shares. The Board sanctioned the allotment of 14,967 equity shares, each with a face value of Re. 1/-. These shares are being issued to employees who exercised their stock options under the company’s Employee Stock Option Plan (2006) and the Restricted Stock Units Plan (2019).
Outcome of Eicher Motors Board Meeting
Eicher Motors Limited has formally disclosed the outcome of its Board meeting, which took place on February 10, 2026. The Board meeting commenced at 10:00 a.m. and concluded later that afternoon at 4:15 p.m.
Approval of Equity Share Allotment
The primary resolution passed by the directors concerned the issuance of new shares to the workforce. The Board approved the allotment of a total of 14,967 equity shares of the company. Each share carries a nominal face value of Re. 1/-.
This allotment is specifically in satisfaction of the exercise of stock options by employees under two existing incentive schemes: the Employees Stock Option Plan, 2006, and the Restricted Stock Units Plan, 2019. This action finalizes the issuance process for the exercised options.
Source: BSE
