TTK Prestige Limited has made a regulatory disclosure regarding the allotment of equity shares under its employee stock option plan. The Nomination and Remuneration Committee of the Company approved the allotment of 15,400 equity shares of face value Re. 1 each at an issue price of Rs. 1 per share for Performance Linked Options. This allotment was made upon exercise of options vested with eligible employees under the TTK Prestige Limited - Long Term Incentive (Stock Options) Plan 2023.

Capital Structure Impact

The allotment has increased the company's paid-up equity share capital from Rs. 13,69,50,984 (consisting of 13,69,50,984 equity shares) to Rs. 13,69,66,384 (consisting of 13,69,66,384 equity shares). This represents a minimal dilution of approximately 0.011%.

Regulatory Approvals

The Company had previously obtained in-principle approvals for these shares from:

  • BSE Limited vide letter No. DCS/IPO/TL/ESOP-IP/2763/2023-24 dated May 19, 2023
  • National Stock Exchange of India Limited vide letter No. NSE/LIST/35335 dated May 23, 2023

ESOP Plan Details

The TTK Prestige Limited - Long Term Incentive (Stock Options) Plan 2023 was approved by shareholders on March 8, 2023, and has reserved 13,86,140 shares for allotment to eligible employees.

Current ESOP Status:

  • 500,752 total options covering both Time Linked and Performance Linked Options
  • 3630 grants already exercised and listed
  • 49,711 options vested with employees pending exercise
  • 345,462 grants outstanding for vesting
  • 101,949 options lapsed till date

Pricing Formula:

  • Time Linked Options: 10% discount to the Current Market Price on the date of grant
  • Performance Linked Options: Face value of Rs. 1 each

Exercise Period: Options must be exercised within 2 years from date of vesting

Total Exercise Activity: 19,030 options exercised including the current 15,400 options

Money Realized: Rs. 14,77,346 total from exercise of options (including current exercise)

Share Details for Current Allotment

  • Date of issue: July 20, 2026
  • Number of shares issued: 15,400
  • Distinctive numbers: 138617651 to 138633050 (both inclusive)
  • Exercise price per share: Re. 1
  • Premium per share: Nil
  • The shares rank pari-passu with existing equity shares
  • No lock-in period applicable