TVS Motor Company has announced the approval of a grant of 22,998 stock options under its Employee Stock Option Plan. The Nomination and Remuneration Committee of the company sanctioned this grant on 9th May 2026, as per the regulatory requirements set by SEBI.
The stock options cover a total of 22,998 equity shares, each with a nominal value of ₹1. The scheme aligns with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The exercise price for these options was determined by the committee, taking into account the market value of the company’s shares as of 8th May 2026, the last trading day before the grant date.
The options are subject to a vesting period, and once vested, they must be exercised within four years. The terms of the Employee Stock Option Plan, as approved by the shareholders, will apply to this grant.
Other details such as options vested, exercised, or lapsed, and the impact on diluted earnings per share are not applicable at this stage of the option grant process.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).