TATA CONSUMER PRODUCTS LIMITED has informed the Exchange about Grant of Third Tranche of Performance Share Units Under TCPL- SLTI Scheme 2024
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Tata Consumer Products has announced the grant of 3,25,020 Performance Share Units (PSUs) to eligible employees under its Share-based Long Term Incentive Scheme 2024. The grant was approved by the Nomination and Remuneration Committee on May 8, 2026. Each PSU carries an exercise price of Re. 1/- (face value of the share), and each PSU will convert into one fully paid-up equity share of Re. 1/- each upon vesting and exercise. The scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. This is the third tranche of grants under this scheme, with vesting and exercise periods governed by the scheme's terms.
This is a routine employee stock compensation announcement with minimal direct impact on retail shareholders. It represents dilution of approximately 3.25 lakh shares, which is relatively small for a company of Tata Consumer's size. No immediate impact on stock price expected.