Tenneco Clean Air India Limited has informed the Exchange regarding Notice of Postal Ballot
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Tenneco Clean Air India Limited is seeking shareholder approval via postal ballot for two special resolutions related to its Employee Stock Option Scheme 2025 (ESOP 2025). First, the company wants to ratify and amend the ESOP to bring it in line with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, following its listing on BSE and NSE on November 19, 2025. Second, it seeks approval to extend ESOP benefits to employees of subsidiary, associate, and holding companies in India and abroad. The scheme permits up to 80,72,086 stock options (2% of total share capital). No grants have been made under the scheme so far. The amendments include removal of trust-route provisions, addition of performance-based and time-based vesting categories, and alignment with foreign exchange laws for overseas employees. Remote e-voting runs from April 3, 2026 to May 2, 2026, with results expected by May 5, 2026.
Approval is a compliance requirement post-IPO. If passed, it enables the company to grant stock options to employees including those in group/subsidiary/associate companies, which can help retain talent. The actual impact on shareholder value depends on the number of options granted and the exercise price, which is yet to be determined by the NRC/Board.