Tata Motors has announced the approval of a new share-based long-term incentive scheme, authorising the issuance of up to 23,07,647 equity shares.
The Tata Motors Limited Share-based Long Term Incentive Scheme (TML SLTI Scheme) was approved by the company’s board of directors during a meeting held on 11 March 2026. The scheme is in compliance with the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021. The initiative aims to allocate equity shares to participants in the company’s incentive schemes, which were part of the Composite Scheme of Arrangement involving Tata Motors Passenger Vehicles Limited and TML Commercial Vehicles Limited.
The equity shares, each with a face value of ₹2, will be issued under the TML SLTI Scheme. The maximum dilution of the company’s total issued share capital as a result of this allotment is estimated at 0.062%. The exercise price for these performance share units (PSUs) is set at ₹2 per unit. Participants will have a 12-month window to exercise their PSUs from the date of vesting.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).