Tata Motors Limited has informed the Exchange regarding Grant of 479476 Performance Share Units to Eligible Employees under the Tata Motors Limited Share-based Long Term Incentive Scheme 2024.
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Tata Motors Limited has granted the 2nd tranche of 4,79,746 Performance Share Units (PSUs) to 384 eligible employees across the company and its subsidiaries. The grant was approved by the Nomination and Remuneration Committee on September 26, 2025, under the company's Long Term Incentive Scheme 2024, which was originally authorized by shareholders at the 79th AGM on June 24, 2024. The exercise price has been fixed at ₹2 per PSU, which is the face value of the company's equity shares. Under the scheme, the maximum number of shares that can be issued in total is capped at 50 lakh (50,00,000) equity shares of ₹2 each, and the exercise window is 12 months from the date of vesting. This is the 2nd tranche of grants under the scheme, with no shares vested, exercised, or lapsed yet.
This is a routine employee incentive grant and is unlikely to have any immediate impact on the share price. However, if these PSUs ultimately vest and are exercised, up to 4.8 lakh new shares could be issued at face value (₹2), causing a small dilution to existing shareholders. The scheme's overall cap of 50 lakh shares represents a manageable dilution for a large company like Tata Motors.