TTK Prestige Limited has informed the Exchange about Options to purchase securities - Grant of 1,92,709 stock options under TTK Prestige Limited - Long Term Incentive (Stock Option) Plan 2023.
TTKPRESTIG · price
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TTK Prestige's Nomination and Remuneration Committee approved the grant of 1,92,709 stock options to eligible employees under the Long Term Incentive Plan 2023. The scheme reserves 13,86,140 shares in total for employees. Time Linked Options are priced at Rs 468.23 per option (10% discount to NSE's closing price of April 24, 2026), while Performance Linked Options are priced at Rs 1.00 (face value). The options will vest over 4 years in equal 25% annual tranches starting after 1 year from grant date, and can be exercised within 2 years from each vesting date.
This is a routine employee compensation announcement with minimal immediate impact on shareholders. However, it results in potential dilution of approximately 0.4% of equity capital if all options are exercised. The 10% discounted exercise price for time-linked options aligns employee interests with shareholders.