Tilaknagar Industries has announced the approval of 10,65,000 stock options for its eligible employees. This grant, made under the “Employee Stock Option Scheme 2025,” was approved by the Nomination and Remuneration Committee on August 15, 2026. The exercise price for each option is set at ₹382, with vesting scheduled to commence one year from the grant date over a period of five years.
Employee Stock Option Grant Approved
Tilaknagar Industries Limited has officially approved the grant of 10,65,000 employee stock options (ESOPs). This significant decision was made by the company’s Nomination and Remuneration Committee on August 15, 2026, under the “Employee Stock Option Scheme 2025.” The scheme, already approved by the shareholders, aims to incentivize and retain eligible employees.
Key Terms of the Option Grant
Each of these ESOPs, upon exercise, will be convertible into one equity share of the company with a face value of ₹10. The exercise price for each stock option has been fixed at ₹382. The vesting period for these options will commence from the date of the grant, with a minimum of one year required from the grant date before any vesting occurs. The options are structured to vest progressively over five years, with specific percentages vesting at the end of each year.
Vesting Schedule and Exercise Period
The vesting schedule is as follows: no options vest in the first year, 10% vest upon completion of the second year, 20% upon completion of the third year, 30% upon completion of the fourth year, and the remaining 40% vest upon completion of the fifth year from the grant date. The exercise period for the options will commence from the date of vesting and will not exceed two years from the respective vesting period’s end date.
Scheme Details
The plan is administered by the Nomination and Remuneration Committee in compliance with applicable regulations. Notably, the shares allotted upon the exercise of these stock options are not subject to any lock-in period. The company has also stated that options exercised will not affect the total number of shares arising as a result of exercise of option, money realized by exercise of options, options lapsed, variation of terms of options, subsequent changes or cancellation or exercise of such options, and diluted earnings per share pursuant to issue of equity shares on exercise of options at this stage.
Source: BSE
