TTK Prestige grants 6,862 stock options to employees under LTIP 2023
TTKPRESTIG · price
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TTK Prestige's Nomination and Remuneration Committee approved grant of 6,862 stock options to eligible employees on June 26, 2026 under the Long Term Incentive (Stock Option) Plan 2023. Options include Time Linked at Rs 513.50 each (10 percent discount to NSE closing price of June 25) and Performance Linked at Re 1 face value. Vesting is 25 percent per year over 4 years after a 1-year cliff, with 2-year exercise window post vesting. The plan has 13.86 lakh shares reserved in total. Complies with SEBI SBEBSE Regulations 2021.
Marginal dilution of 6,862 shares; signals management retention push and performance-linked incentives aligning employee interests with shareholders.