Announcement as per the attached letter.
TCC · price
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TCC Concept Ltd's Board of Directors approved the TCC Concept Limited Employee Stock Option Plan 2025 on October 14, 2025, on the recommendation of the Nomination and Remuneration Committee. The scheme allows for grant of up to 35,00,000 (35 lakh) stock options to eligible employees, including those of existing and future subsidiary companies in India and abroad. Each option will be convertible into one equity share of face value Rs. 10, and the scheme involves a fresh issue of shares with no secondary acquisition. The exercise price will be decided by the NRC at the time of grant, but cannot be lower than the face value. Minimum vesting period is 1 year from grant date. The scheme is subject to shareholder approval and is in line with SEBI (SBEB) Regulations, 2021.
If fully exercised, the 35 lakh options could lead to dilution of existing shareholders' stake. The ESOP plan is a positive step for employee retention and motivation, but pending shareholder approval, no options have been granted, vested, or exercised yet.