TD Power Systems Limited has informed the Exchange about General Updates
TDPOWERSYS · price
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TD Power Systems' Nomination and Remuneration Committee approved the grant of 27,000 Employee Stock Appreciation Rights (ESARs) to a single eligible employee on August 6, 2025. The Base Price for today's grant is Rs. 390 per share, which is a 23% discount to the closing price the day before the grant. These ESARs will vest after one year and can be exercised within 4 years from the date of vesting. The exercise price per ESAR is Rs. 2 (the face value per share). Cumulatively, 19,96,080 ESARs have been granted under the Plan so far, of which 19,30,140 have vested and 18,95,057 have already been exercised. The company's shares have a face value of Rs. 2 after a sub-division from Rs. 10 in November 2022.
The grant is small relative to the total ESAR pool and represents routine employee compensation, so direct impact on share price is expected to be minimal. There is a minor future dilution risk once these ESARs are exercised, but it is not material given the company's size.