Allcargo Terminals Limited has informed the Exchange about amendment in Vesting Schedule of ATL CEO Employee Stock Option Plan, 2025
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Allcargo Terminals has amended the vesting schedule for stock options granted to CEO Mr. Ashish Chandna under the CEO ESOP 2025 plan. A total of 44,66,335 options were granted to the CEO. The revised vesting schedule now provides for 80% vesting at the end of Year 1 (May 2027), 0% at Year 2 (May 2028), and the remaining 20% at Year 3 (May 2029). The company states this is a one-time rationalization and is not detrimental to the grantee's interests. The NRC approved this change on May 20, 2026, in compliance with Companies Act, 2013 and SEBI regulations.
This is a routine ESOP modification that front-loads vesting for the CEO, potentially increasing retention incentive in the near term. No direct impact on stock price expected as options represent future dilution and the change is deemed not detrimental to the grantee.