Eicher Motors grants 1.64L options under ESOP, RSU plans

Eicher Motors Limited's Nomination and Remuneration Committee has approved the grant of stock options under the ESOP 2006 and RSU Plan 2019. The decision was made on May 21, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Grant Details

The committee approved the grant of 1,37,365 restricted stock units under the Restricted Stock Units Plan, 2019 to the employees of the company and its subsidiaries. These units shall become exercisable upon completion of a period of 3 years from the grant date. Upon exercise, each stock unit shall convert into one equity share of face value of Re. 1 each.

Additionally, the committee approved the grant of 27,000 employee stock options under the Employees Stock Option Plan, 2006 to the employees of the company. These stock options shall become exercisable upon completion of a period of 4 years from the grant date. Upon exercise, each stock option shall convert into one equity share of face value of Re. 1 each.

Plan Overview

The plans are designed to provide long-term incentives to employees, aligning their interests with those of the shareholders.

Plan Name	Year Established	Options Granted	Vesting Period
ESOP	2006	27,000	4 years
RSU Plan	2019	1,37,365	3 years

Regulatory Compliance

The approval process adhered to Regulation 30, which mandates timely disclosure of material events. The company has ensured that all necessary procedural requirements were met during the grant process.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.30%	-0.75%	-3.58%	-2.14%	+29.07%	+176.79%

Eicher Motors Limited has announced the appointment of Mr. Pradeep Mathew as the Chief of Product Development and a Senior Management Personnel of the company. The appointment is effective from May 22, 2026, and will be on a full-time employment basis. This information was submitted to the stock exchanges pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Mr. Pradeep Mathew has been associated with eicher motors for the past 22 years. In his new role, he will be responsible for the entire Product Development function for Royal Enfield across India and the UK Technology Centres.

He joined the company immediately after completing his M.Tech in Mechanical Engineering from PSG Institute of Technology, Coimbatore. Throughout his long tenure, Mr. Mathew has worked across various functions, acquiring a deep understanding of current and future technologies.

Appointment Details

The following table outlines the key details regarding the new appointment:

S No	Particulars	Details
1	Reason for change	Appointment of Mr. Pradeep Mathew as the Chief of Product Development and a Senior Management Personnel of the Company with effect from May 22, 2026.
2	Date of appointment & term of appointment	May 22, 2026. Term: Full-time employment
3	Brief profile	Mr. Pradeep Mathew has been in the Company from the last 22 years. He is responsible for the entire Product Development function for Royal Enfield across India and the UK Technology Centres.
4	Disclosure of relationships between directors	Not Applicable