Texmaco Rail & Engineering Ltd. Board Approves Long-Term Incentive Plan
Texmaco Rail & Engineering Limited, an Adventz Group company, announced the approval of a Long-Term Incentive Plan ('LTIP') by its Board of Directors on March 31, 2026. The plan authorizes the creation, offer, grant, and allotment of options exercisable into up to 24,00,000 Equity Shares, each with a face value of Rs. 1.The LTIP was recommended by the Nomination and Remuneration Committee ('NRC'). Shareholder approval and other regulatory approvals will be required before the plan becomes effective.
According to details disclosed regarding the LTIP scheme, the exercise price per option will be Rs. 1. Vesting will occur three years from the date of grant, and options can be exercised within two years of vesting.
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