TVS Motor Grants 22,998 Employee Stock Options

TVS Motor Company intimated a grant of 22,998 stock options to employees under its ESOP plan, approved by its Nomination and Remuneration Committee.
The grant was made pursuant to SEBI LODR Regulation 30 and complies with SEBI's Share Based Employee Benefits Regulations, 2021.
Each option is convertible into one equity share of Re 1 each, with an exercise price based on the market value on 8th May 2026.
Vested options must be exercised within 4 years from the vesting date, as per the plan terms approved by shareholders.