Key Quantitative Figures
The Nomination and Remuneration Committee (NRC) approved the grant of 2,00,453 employee stock options under the Employee Stock Option Plan 2025 (ESOP Scheme).
Each stock option is convertible into one fully paid-up equity share with a face value of INR 10 each.
The exercise price is INR 10 per stock option.
The grant is within the shareholders' approved limit of 8,072,086 options.
Dates of Action
The grant was approved by the NRC on August 21, 2026.
The ESOP Scheme was ratified by shareholders via Postal Ballot Notice dated March 25, 2026.
Parties Involved
Nomination and Remuneration Committee (approving authority)
Eligible employees (recipients)
Roopali Singh, Company Secretary and Compliance Officer (signatory)
Terms and Conditions
The exercise period is 5 years from the date of vesting, subject to the terms and conditions of the Scheme.
The scheme is in compliance with SEBI (Share Based Employees Benefits and Sweat Equity) Regulations, 2021.
Additional Information
No options have been vested, exercised, lapsed, or varied as of this disclosure.
No money has been realized from exercise of options.
No shares have been issued as a result of exercise of options.
Diluted earnings per share impact is not applicable at this stage.
The information is available on the company's website at https://tennecoindia.com/investor-relations in accordance with Regulation 46 of SEBI Listing Regulations.
Capital Structure Impact
Potential future dilution of up to 200,453 equity shares if all options are exercised.
Financial Impact
Financial impact not quantified in the disclosure as options have not been exercised.