Texmaco Rail & Engineering Limited has announced the approval of a grant of stock options to its eligible employees. The Nomination & Remuneration Committee of the Board has sanctioned 10,11,707 options under the company’s Long Term Incentive Plan (LTIP) Scheme, 2026. Each option is convertible into one equity share of ₹1 face value, with the exercise price set at the face value. These options will vest over time and become exercisable within two years of vesting, impacting future earnings per share.
Employee Stock Option Grant Approved
Texmaco Rail & Engineering Limited has officially approved the grant of stock options to its eligible employees under the company’s established Texmaco Long Term Incentive Plan (“LTIP”) Scheme, 2026. This decision was made during a meeting of the Nomination & Remuneration Committee of the Board held on July 30, 2026, in accordance with SEBI regulations.
Key Details of the LTIP Grant
A total of 10,11,707 options have been granted. Each option carries the right to acquire one equity share of the company, with each share having a face value of ₹1. The exercise price for these options will be the face value of the equity share, which is ₹1 per share, or any amended face value as long as it remains not below the current face value. The plan is administered by the NRC and will be implemented through a fresh issue of shares, not via a trust route.
Vesting and Exercise
The equity shares issued upon the exercise of these options will rank pari-passu with existing equity shares. Importantly, there will be no lock-in period imposed on the equity shares allotted upon exercise. Employees will have a period of two years from the date of vesting to exercise their granted options.
Source: BSE
