Tata Consumer Products Grants Third Tranche of Performance Share Units
Tata Consumer Products Limited approved the grant of 3,25,020 Performance Share Units to eligible employees on May 08, 2026, under the TCPL-SLTI Scheme 2024. The PSUs, priced at Re. 1/- each, are compliant with SEBI regulations and correspond to fully paid-up equity shares. The exercise period begins upon vesting and typically lasts twelve months, with a possible two-year extension.
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Tata Consumer Products Limited has announced the grant of the third tranche of Performance Share Units (PSUs) to eligible employees. The Nomination and Remuneration Committee of the Board approved the grant of 3,25,020 PSUs on May 08, 2026. This decision follows the authority granted by shareholders through a postal ballot conducted on May 4, 2024.
Grant Details
The allocation is made under the Tata Consumer Products Limited- Share-based Long Term Incentive Scheme 2024 (TCPL-SLTI Scheme 2024). The scheme is fully compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The total number of PSUs granted corresponds to an equal number of fully paid-up equity shares, each with a face value of Re. 1/-.
The specific number of units granted to each employee was determined by dividing the Long Term Incentive Pay amount awarded to the employee by the Closing Market Price of the shares on the National Stock Exchange (NSE). The reference price used was from May 07, 2026, which was one trading day prior to the committee's approval.
Pricing and Exercise Terms
The exercise price for the PSUs has been fixed at Re. 1/- per unit, which represents the face value of the underlying equity shares. As this is a grant announcement, details regarding vested options, exercised options, and money realized are not applicable at this stage.
| Particulars | Details |
|---|---|
| PSUs Granted | 3,25,020 |
| Underlying Shares | 3,25,020 fully paid-up equity shares of Re. 1/- each |
| Exercise Price | Re. 1/- per PSU |
| Pricing Basis | Face value of underlying equity shares |
| Regulatory Compliance | SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 |
The exercise period for these units will commence from the date of vesting. Generally, this period will expire at the end of twelve months from the vesting date. However, exceptions exist for events such as the death or permanent incapacity of a participant. Additionally, the Nomination & Remuneration Committee retains the discretion to extend the exercise period by a further two years if deemed appropriate.
Scheme Information
Significant terms and conditions of the PSUs were previously disclosed as part of the Explanatory Statement in the Postal Ballot Notice dated March 14, 2024. The company has made this information available on its official website. The disclosure ensures compliance with the applicable provisions of the SEBI Listing Regulations.
How might the vesting conditions tied to performance metrics under the TCPL-SLTI Scheme 2024 impact employee retention and talent acquisition strategies at Tata Consumer Products over the next 2-3 years?
Given that this is the third tranche grant, what is the total cumulative dilution impact on existing shareholders from all PSU tranches issued under the TCPL-SLTI Scheme 2024 so far?
How could the exercise price set at face value (Re. 1/-) influence the actual compensation value for employees if Tata Consumer Products' stock price experiences significant volatility before vesting?
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