Pursuant to Regulation 30 of SEBI LODR Regulations 2015, please find enclosed herewith an intimation regarding adoption of Tata Motors Passenger Vehicles Limited Share-based Long Term Incentive ....
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Tata Motors Passenger Vehicles Limited has approved a Share-based Long Term Incentive Scheme 2026 for employees, involving up to 50,00,000 Performance Share Units (PSUs). The exercise price is set at ₹2 per PSU, which is at face value of the underlying equity shares. The scheme will result in a maximum dilution of approximately 0.14% of the company's total issued share capital. The adoption is subject to shareholder approval at the upcoming Annual General Meeting and other regulatory approvals as required. The scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Minimal immediate shareholder impact given the low ~0.14% dilution, but the scheme ties employee interests to company performance over the long term.