TTK Prestige Ltd Grants Stock Options Under Long Term Incentive Plan 2023

TTK Prestige Ltd Grants Stock Options Under Long Term Incentive Plan 2023​

TTK Prestige Ltd announced that its Nomination and Remuneration Committee approved the grant of stock options under the Long Term Incentive (Stock Option) Plan 2023 to eligible employees of the company on June 26, 2026. This decision is part of the ongoing incentive framework for employees.

The granting of these stocks includes both Time Linked Options and Performance Linked Options. These stock options are set to vest over a four-year period following the completion of one year from the date of grant.

The company previously reserved a total of 13,86,140 shares under this plan, which was approved by Shareholders on March 8, 2023. Of these, only 6,862 stock options were granted to eligible employees as of June 26, 2026.

Key Terms and Conditions of Stock Options​

Each stock option is convertible into one fully paid-up equity share having a face value of Re.1/- each. The exercise price for these options varies based on their type:

• Time Linked Options are priced at Rs 513.50, reflecting a 10% discount to the NSE's Closing Market Price of June 25, 2026.
• Performance Linked Options carry an Exercise Price equal to the face value of Re.1/-.

The vesting schedule dictates that 25% of the granted stock options will vest upon completing the first year from the date of grant, followed by similar tranches after the second, third, and fourth years. Employees will have two years within which they can exercise the vested options.

For a detailed overview of the grant terms, the following data highlights key aspects of the incentive scheme:

TTKPRESTIG Stock Price Movement​

On Thursday, shares of TTK Prestige Limited gained as the stock settled at ₹570.55, climbing 1.1% in a positive close. The equity traded a total volume of 71,826 shares during the session, testing an intraday high of ₹572.5.