Tata Consumer Products Limited has announced the grant of 3,25,020 Performance Share Units (PSUs) to eligible employees. Approved by the Nomination and Remuneration Committee on May 8, 2026, this initiative falls under the company’s Share-based Long Term Incentive Scheme 2024. This move aligns with the company’s objective to reward performance and drive long-term value creation by providing eligible staff with equity-based incentives.
Incentive Scheme Overview
Following approval from shareholders, Tata Consumer Products has moved forward with its 2024 Long Term Incentive Scheme. The latest grant of 3,25,020 PSUs is part of a strategic compensation framework designed to align the interests of key employees with those of the organization. Each unit represents a fully paid-up equity share with a face value of Re. 1.
Grant Methodology and Exercise Terms
The total number of units granted was determined based on the incentive pay awarded to participants, divided by the closing market price of the company’s shares as of May 7, 2026. The exercise price for these shares is set at the face value of Re. 1 per PSU.
Regarding the timeline, the exercise period is scheduled to commence upon the vesting of the units and will remain valid for a period of twelve months. The company has retained the discretion to extend this window by an additional two years if necessary. Specific protocols are in place to address unique circumstances, such as the retirement, permanent incapacity, or unfortunate demise of a participant, ensuring the continuity of the scheme’s benefits.
Source: BSE
