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Awaiting price reaction for this filing.
On 1st November 2025, the Nomination and Remuneration Committee of Transcorp International granted Employee Stock Options to eligible employees of the company and its subsidiaries under the TIL ESOP-2017 plan. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and shareholders had originally approved up to 12,71,309 options at the 2017 AGM. Each option converts into one equity share of Rs. 2 face value, with the grant price set at Rs. 14.20 per share—a 40% discount to the closing price of Rs. 23.67 on 31 October 2025. Vesting happens in three tranches: 30% on 1 November 2026, 30% on 1 November 2027, and 40% on 1 November 2028, subject to performance conditions. Vested options must be exercised within three years of each vesting date.
ESOP grants at a meaningful discount (40% below market price) can dilute existing shareholders over time as options vest and are exercised, but they help retain and motivate employees. For retail investors, this is a routine disclosure and typically has only a mild dilutive effect on share count.