Key Actions and Dates

  • The Nomination & Remuneration Committee (NRC) meeting was held on Tuesday, October 27, 2026
  • Two primary actions were taken during this meeting

Share Allotment Details

  • Allotted 20,615 equity shares of face value ₹2 each to eligible employees
  • Shares were allotted under the Employee Incentive Scheme 2014
  • Breakdown of allotment by scheme:
  • Stock Options, 2020: 2,205 shares
  • Performance Restricted Stock Units, 2022: 681 shares
  • Performance Restricted Stock Units, 2023: 9,822 shares
  • Restricted Stock Units, 2022: 1,225 shares
  • Restricted Stock Units, 2023: 2,690 shares
  • Restricted Stock Units, 2024: 2,338 shares
  • Restricted Stock Units, 2025: 1,654 shares

Capital Structure Impact

  • The allotted shares rank pari-passu with existing equity shares
  • Paid-up share capital increased to ₹40,03,23,644
  • Total number of equity shares: 20,01,61,822 shares of ₹2 face value each

New Grant Approval

  • Approved grant of 281 Restricted Stock Units (RSUs A1) at face value ₹2 per unit
  • Approved grant of 842 Performance Restricted Stock Units (PRSUs) at face value ₹2 per unit
  • Granted to certain eligible employees of the Company

Vesting and Exercise Terms

RSUs (281 units):

  • Vesting period: 3 years
  • Vesting ratio: 33.33%:33.33%:33.33%
  • Vesting commences from end of first year from grant date
  • Exercise period: Within 24 months from vesting date

PRSUs (842 units):

  • Vesting period: After completion of 3 years from grant date
  • Exercise period: Within 24 months from vesting date

Scheme Compliance

  • Employee Incentive Scheme 2014 is in terms of SEBI (Share Based Employee Benefits) Regulations, 2021
  • Each RSU and PRSU is convertible into one equity share
  • Total shares covered by new grants: 1,123 equity shares of ₹2 face value each
  • Exercise price: At face value of ₹2 per share