Eicher Motors Limited has announced the successful allotment of 1,83,326 equity shares following a board meeting held on May 22, 2026. These shares, with a face value of Re. 1 each, were issued to employees exercising their stock options under the company’s existing stock option and restricted stock unit plans. This move reflects the continued execution of the firm’s long-term employee compensation strategies.
Details of Equity Share Allotment
During a board meeting that took place on May 22, 2026, the directors of Eicher Motors Limited formally approved the allotment of 1,83,326 equity shares. Each share has a face value of Re. 1. This issuance is part of the company’s commitment to its workforce, enabling employees to convert their vested benefits into equity ownership.
Stock Plan Implementation
The newly allotted shares were issued to eligible personnel who exercised their stock options under the Employees Stock Option Plan, 2006 and the Restricted Stock Units Plan, 2019. The board meeting, which saw the authorization of this allotment, commenced at 11:00 a.m. and successfully concluded at 3:40 p.m. the same day.
Source: BSE
