TD Power Systems Limited has informed the Exchange about Grant of ESAR

TD Power Systems Limited's Nomination and Remuneration Committee granted 24,000 Employee Stock Appreciation Rights (ESARs) to an eligible employee. The ESARs carry an exercise price of Rs. 2 per share with a base price of Rs. 882 (25% discount to prior day closing price). The newly granted ESARs will vest in three equal installments over three years. In total, the company has granted 20,69,580 ESARs under the Plan, of which 19,63,110 have vested and 19,35,503 have been exercised. This disclosure is mandatory under SEBI Listing Regulations for stock-based employee benefit schemes.