Key Quantitative Figures
- Total PSUs granted: 7,35,550 units
- Number of eligible employees: 168 across Titan Company Limited and its subsidiaries
- Percentage of paid-up equity capital: 0.08% (as on date of grant)
- Exercise price: ₹1 per PSU (face value of underlying share)
Parties Involved
- Grantor: Titan Company Limited
- Implementing entity: Titan Employee Stock Option Trust
- Recipients: 168 eligible employees of the Company and its subsidiaries
- Regulatory authorities: BSE Limited, National Stock Exchange of India Limited
Implementation Mechanism
The Scheme 2026 is implemented through the Trust Route. The Titan Employee Stock Option Trust (previously established for employee share-based benefit schemes including Scheme 2023) will acquire equity shares of the Company through secondary acquisition and transfer such shares to eligible employees upon exercise of vested PSUs.
Capital Structure Impact
There will be no dilution of earnings per share as no fresh shares shall be issued under Scheme 2026. The shares will be acquired through secondary market purchases by the Trust.
Performance Conditions
The PSUs will vest subject to achievement of prescribed performance parameters and fulfilment of terms and conditions of Scheme 2026, as detailed in individual Grant Letters.
Additional Information
Significant terms of PSUs were disclosed in the Explanatory Statement forming part of Postal Ballot Notice dated 7th August 2026, available on the company's website www.titancompany.in.