India, July 31 -- Texmaco Rail & Engineering Ltd has granted 10,11,707 stock options to eligible employees under its Texmaco Long Term Incentive Plan (LTIP) Scheme 2026, in compliance with the SEBI (Share Based Employee Benefits) Regulations, 2021.
Each option is convertible into one equity share of face value Rs 1. The exercise price has been fixed at the face value of Rs 1 per share, and the options can be exercised within two years from the date of vesting.
The LTIP will be implemented through a fresh issue of equity shares, and the shares allotted upon exercise will not be subject to any lock-in period and will rank pari-passu with the company's existing equity shares.
Published by HT Digital Content Services with permission from Dio...