Grant of stock options under "Tata Communications Limited - Stock Unit Plan 2023".
Awaiting price reaction for this filing.
Tata Communications has approved the grant of 7,47,351 Restricted Stock Units (RSUs) to eligible employees under its Stock Unit Plan 2023. The grant was approved by the Nomination and Remuneration Committee on April 22, 2025, with an effective grant date of May 1, 2025. The RSUs are priced at ₹10 (the face value of the company's equity shares) and will vest based on both time and performance criteria over a period of 1 to 3 years. None of the options are currently vested or exercised, and the plan complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine employee compensation announcement and is unlikely to have a direct impact on the stock price. However, it will lead to mild future dilution if and when the RSUs vest and are exercised, potentially issuing up to 7,47,351 new equity shares over the next few years.