Awaiting price reaction for this filing.
Triveni Turbine Limited has informed stock exchanges about the vesting of employee stock units under its ESUP 2023 plan, approved at the board meeting on May 10, 2025. Under the plan, a total of 1,24,735 units (each exercisable into one equity share of Re.1 face value) were granted to eligible employees, and 22,453 units have now vested in this tranche. The exercise price is set at face value (Re.1 per share), making it highly favourable for employees. The scheme complies with SEBI (SBEB) Regulations, 2021, and vested units can be exercised within 4 years of vesting. No options have been exercised yet.
This is a routine ESOP vesting disclosure with a modest dilution of about 22,453 shares (Re.1 face value) in this tranche. Since the exercise price equals face value, it is an employee-friendly plan but unlikely to materially affect share price or shareholder value.