Transrail Lighting Limited Approves ESOP 2023, Grants Stock Options to Employees
Transrail Lighting Limited has approved a grant of Employee Stock Options under its Transrail Lighting Limited Employee Stock Option Plan - 2023 (ESOP 2023). The decision was made by the Nomination and Remuneration Committee (NRC) during a meeting held on July 28, 2026.The plan includes granting 1,89,000 Stock Options to eligible employees of the company. Additionally, the committee reserved 62,900 Stock Options for future employees joining Transrail Lighting Limited.
The grant aligns with ESOP 2023 and relates to the company's commitment under share-based employee benefits regulations.
Details of Stock Option Grant
The stock options granted under the ESOP 2023 are subject to specific terms regarding vesting, exercise, and conversion. The total grant of 1,89,000 Stock Options is sufficient to result in the issuance of up to 9,45,000 equity shares of the company. Each Stock Option entitles the holder to acquire 5 equity shares, each having a face value of ₹2.The exercise price for these options will be determined by the fair market value of the Equity share on the date of grant, as determined by an Independent valuer in accordance with ESOP 2023.
Key operational details regarding the stock option plan are summarized below:
| Particulars | Detail |
|---|---|
| Current Options Granted | 1,89,000 Stock Options |
| Future Reserve Options | 62,900 Stock Options |
| Total Shares Covered by Grant | Up to 9,45,000 equity shares |
| Face Value per Share | ₹2 (for each option) |
| Vesting Status as of Grant Date | Nil |
| Option Exercise Period | Vested options may be exercised within 24 months from the respective vesting date. |
Significant Terms and Conditions
The terms of the granted options were reviewed, confirming that there are no variations to the existing conditions. The options are personal to the grantees and are non-transferable.Vesting under ESOP 2023 is scheduled in three tranches:
- First Tranche: 40% vesting after completion of 36 months from the Grant Date.
- Second Tranche: 30% vesting after completion of 48 months from the Grant Date.
- Third Tranche: 30% vesting after completion of 60 months from the Grant Date.
The options are subject to uninterrupted employment and other terms defined in ESOP 2023. Not Applicable was noted for money realized by the exercise of options, total shares arising as a result of exercise, or options lapsed in respect of the present grant.
TRANSRAILL Stock Price Movement
As of 10:41 AM, shares of Transrail Lighting Limited are slipping by 0.55% in live trading, currently priced at ₹482.35. The stock has seen a volume of 74,473 shares traded so far this morning.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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