Texmaco Rail & Engineering Limited has informed the Exchange regarding Notice of Postal Ballot
TEXRAIL · price
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Texmaco Rail & Engineering Limited is seeking shareholder approval via postal ballot for a Long Term Incentive Plan (LTIP) Scheme 2026. The plan proposes to grant up to 24,00,000 stock options (approximately 0.60% of paid-up capital) to eligible employees, directors, and group company employees. Each option grants the right to purchase one equity share at face value of Rs. 1/- per share. Vesting will occur after 3 years from grant, contingent on performance metrics including EBITDA margins, EPS, ROCE, Operating Cash Flow, and Share Price CAGR. Exercise period is 2 years after vesting. Voting period runs from 25th April 2026 to 24th May 2026, with results to be announced by 26th May 2026.
Existing shareholders will face equity dilution as new shares are issued upon exercise of options. The LTIP ties employee compensation to company performance, which could align management interests with shareholders but will incrementally reduce earnings per share as more shares enter the market.