Texmaco Rail seeks shareholder approval via postal ballot for a new Long Term Incentive Plan (LTIP) to grant up to 2.4 million stock options to employees.
The LTIP involves issuing new shares at ₹1 face value, with vesting linked to financial and shareholder value creation performance metrics over 3 years.
Remote e-voting is open from April 25 to May 24, 2026, for shareholders of record as of April 17, 2026, with results announced by May 26, 2026.
The plan aims to align employee compensation with long-term company performance and requires a special resolution under SEBI regulations and the Companies Act.