Triveni Turbine Limited has informed the Exchange regarding 'Vesting of units under Triveni Turbine Limited - Employee Stock Unit Plan 2023 '.
TRITURBINE · price
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Triveni Turbine has informed the exchanges that 22,453 units have vested under its Employee Stock Unit Plan 2023, following approval by the Nomination and Remuneration Committee and the Board on May 10, 2025. A total of 1,24,735 units had been granted to eligible employees, which are convertible into an equal number of equity shares of face value Re. 1 each. The exercise price has been set at face value (Re. 1), making these units highly valuable to employees. No units have been exercised yet, and vested units can be exercised over a maximum period of 4 years. The scheme is compliant with SEBI (SBEB) Regulations, 2021.
This is a routine ESOP vesting event with minor potential dilution since only 22,453 shares are involved against a typical share count in crores. Since the exercise price is at face value, the actual cash impact on the company is negligible. Shareholders should monitor any future exercise and consequent share issuance, but this announcement itself is unlikely to move the stock price.