TVS Motor Company Approves Grant of 22,998 Stock Options Under Employee Plan
TVS Motor Company Limited announced the approval of a grant of stock options as part of the TVS Motor Company Employee Stock Option Plan. The allotment was approved by the Nomination and Remuneration Committee (NRC) of the company on May 9, 2026.The company confirmed that the grant involves 22,998 stock options. The plan operates in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The detailed parameters of the stock option grant are as follows:
| Detail | Description | Value |
|---|---|---|
| Total Options Granted | Brief details of options granted | 22,998 options |
| Shares Covered | Total number of shares covered by these options | 22,998 equity shares of Re 1 each |
| Pricing Mechanism | Pricing formula | The NRC determined the exercise price considering the market value of the shares as of the last trading day, May 8, 2026, prior to the grant date. |
| Vesting Period | Time within which option may be exercised | Vested options cannot be exercised after a period of more than 4 years from the date of vesting of options. |
| Governing Terms | Significant terms | The terms of the Plan, previously approved by the shareholders, remain applicable to this grant. |
The transaction details confirm that the option grant is structured around the approved Plan, while the underlying shares are designated as 22,998 equity shares, each carrying a face value of Re 1. The primary governance details remain tied to the terms approved by the shareholders under the larger Employee Stock Option Plan.
TVSMOTOR Stock Price Movement
Shares of TVS Motor Company Limited slipped by 0.15% on Friday, concluding the session at ₹3695.2. Trading volume reached 365,671 shares as the equity settled lower for the day.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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