TVS Motor Company has approved the grant of 22,998 stock options under its Employee Stock Option Plan. The decision was made by the company’s Nomination and Remuneration Committee on 9th May 2026.
The stock options cover a total of 22,998 equity shares, each valued at Re 1. The exercise price for these options was determined by considering the market value of the company’s shares on the last trading day, which was 8th May 2026.
Under the terms of the plan, vested options must be exercised within four years from the date of vesting. The scheme complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The significant terms of the plan, as approved by the shareholders, are applicable to this grant. Other details such as options vested, exercised, or lapsed, and diluted earnings per share are not applicable at this stage of the option grant.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).