Allcargo Terminals Limited Approves Amendment to CEO Stock Option Vesting Schedule
Allcargo Terminals Limited has announced an amendment to the vesting schedule of the ATL CEO Employee Stock Option Plan, 2025. The revision was approved by the Company's Nomination and Remuneration Committee (NRC) during a meeting held on May 20, 2026.The CEO ESOP 2025 plan was originally approved by the Board of Directors on August 11, 2025, and subsequently by shareholders at the Annual General Meeting on September 26, 2025. The initial plan provided for the grant of 44,66,335 stock options to the Chief Executive Officer, Mr. Ashish Chandna.
The NRC approved the amendment to the vesting schedule under Clause 7.2 of the Plan, resulting in the following revised timeline for option vesting:
| Vesting schedule | Timeline | Percentage of Options which will Vest |
|---|---|---|
| At the end of 1 (one) year from the date of Grant | May 2027 | 80% of the Options granted |
| At the end of 2 (two) years from the date of Grant | May 2028 | 0% of the Options granted |
| At the end of 3 (three) years from the date of Grant | May 2029 | 20% of the Options granted |
The Company stated that this amendment constitutes a one-time rationalization and is not detrimental to the interest of the grantee. All other terms and conditions of the ATL CEO Employee Stock Option Plan, 2025, remain unchanged.
ATL Stock Price Movement
Today, Allcargo Terminals Limited shares edged higher, closing at ₹24.62, marking a gain of 1.19%. The stock traded with substantial interest, recording a total volume of 68,407 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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