Texmaco Rail & Engineering Limited has informed the Exchange regarding Long Term Incentive Plan ( LTIP ) Scheme in its Board Meeting held on March 31, 2026.
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Texmaco Rail & Engineering's board, at its meeting on March 31, 2026, approved a new Long Term Incentive Plan (LTIP) Scheme for key executives of the company. The scheme allows granting of stock options for up to 24 lakh (24,00,000) equity shares of Rs. 1 face value each. The exercise price has been set at Rs. 1 per share (i.e., face value). Options will vest 3 years from the date of grant, with a 2-year window to exercise them after vesting. The plan is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and will only become effective after shareholder approval, which will be sought via a postal ballot.
This creates a modest future dilution risk for existing shareholders, as up to 24 lakh new shares could be issued when executives exercise their options. The dilution is small and the exercise price is at face value, so the immediate impact on shareholders is limited. Investors should watch for the postal ballot notice, as shareholder approval is required for the scheme to take effect.