Texmaco Rail & Engineering Ltd. has announced the approval of the grant of 21,073 stock options to its eligible employees. These options are part of the company’s Long Term Incentive Plan (LTIP) Scheme 2026. The grant was approved by the Nomination & Remuneration Committee of the Board. Each option is convertible into one equity share of face value ₹1/-. The exercise price is set at the face value of the equity share, i.e., ₹1/- per share, with no lock-in period for the allotted shares.
Texmaco Rail Approves Employee Stock Options
Texmaco Rail & Engineering Ltd. has officially announced the approval for granting 21,073 stock options to its eligible employees under the company’s Long Term Incentive Plan (LTIP) Scheme, 2026. The decision was made by the Nomination & Remuneration Committee of the Board during its meeting held on September 5, 2026.
LTIP Scheme Details
The approved options fall under the provisions of the SEBI (Share Based Employee Benefits) Regulation, 2021. Each of the 21,073 options granted is convertible into one equity share of the company, with a face value of ₹1/- each. The exercise price for these options has been fixed at the face value of the equity share, which is ₹1/- per Equity Share. This price may be subject to subsequent amendments but will not be set below the face value of the shares.
Vesting and Exercise
Options vested under this scheme can be exercised within a period of two years from the date of vesting. Importantly, the equity shares allotted upon the exercise of these options will not be subject to any lock-in period. Furthermore, the equity shares arising from the exercise will rank pari-passu with all other existing equity shares of the company from the date of allotment. The LTIP will be administered by the Nomination & Remuneration Committee and implemented through a fresh issue of shares, not via a trust route.
Source: BSE
