Tata Communications Limited announced the approval of a grant totaling 24,654 Employee Stock Options (RSUs). This grant was sanctioned by the Nomination and Remuneration Committee (NRC) on February 26, 2026, under the ‘Stock Unit Plan 2023’. The effective grant date is set for March 1, 2026. These options are convertible into equity shares with a face value of ₹10 each.
Grant of Employee Stock Options Approved
Pursuant to the authority granted at the 37th Annual General Meeting held on July 18, 2023, the Nomination and Remuneration Committee (NRC) has approved the issuance of Employee Stock Options. The approval was formalized on February 26, 2026.
The details of the approved grant are as follows:
- Total Options Granted: 24,654 (Twenty Four Thousand Six Hundred and Fifty Four Only) RSUs.
- Scheme: ‘Tata Communications Limited – Stock Unit Plan 2023’.
- Effective Grant Date: March 1, 2026.
- Potential Equity Conversion: The 24,654 RSUs are exercisable into not more than 7,812 equity shares.
- Face Value: Each equity share has a face value of ₹10 (Indian Rupees Ten Only), fully paid up.
Vesting and Exercise Terms
The disclosure specifies key operational terms related to these restricted stock units (RSUs):
Vesting Criteria
The RSUs will vest based on the satisfaction of both a time-based and a performance-based criteria. Vesting is scheduled to occur no earlier than a minimum period of 1 (one) year and no later than a maximum period of 3 (three) years from the original grant date.
Exercise Period
Once vested and confirmed by the NRC, the options must be exercised within a maximum period of 1 (one) year from the actual vesting date. No options have vested or been exercised as of the reporting date.
Pricing
The pricing mechanism for the options is based on the face value of the equity shares of Tata Communications Limited, which is ₹10.
Source: BSE
