Tenneco Clean Air Limited’s Nomination and Remuneration Committee approved the grant of 2,00,453 employee stock options to eligible staff on August 21, 2026. The move falls within the shareholders’ approved limit of 8,072,086 options under the Employee Stock Option Plan 2025.

The committee ratified the grants in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Each option is convertible into one fully paid-up equity share with a face value of ₹10.

Key Terms of the Grant

The options carry an exercise price of ₹10 per stock option. Employees may exercise the options within five years from the date of vesting, subject to the scheme’s terms and conditions. The ESOP Scheme 2025 was previously ratified by shareholders via a postal ballot notice dated March 25, 2026, following the company’s IPO.

What the Numbers Show

The grant utilizes approximately 2.5% of the total shareholder-approved option pool, indicating a measured approach to equity-based compensation relative to the overall authorized limit.

Tenneco Clean Air disclosed that SBI Mutual Fund has significantly increased its stake in the company through open market acquisitions. The mutual fund acquired 2,10,63,692 equity shares on August 12, 2026, marking a substantial addition to its existing holdings.

This acquisition represents 5.2189% of the company's total voting capital. Following the purchase, SBI Mutual Fund's total holding stands at 2,46,57,740 shares, which constitutes 6.1094% of the paid-up share capital of Tenneco Clean Air India Limited.

Acquisition Details

The shares were acquired through market purchases under various schemes managed by SBI Funds Management Limited. Prior to this transaction, the fund held 35,94,048 shares, accounting for 0.8905% of the total share capital.

Regulatory Disclosure

Tenneco Clean Air filed the disclosure with the National Stock Exchange of India Limited and BSE Limited on August 14, 2026. The filing complies with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates reporting when an acquirer's holding crosses specific thresholds.

The company's equity share capital remains unchanged at ₹4,03,60,43,090, consisting of 40,36,04,309 equity shares with a face value of ₹10 each. No encumbrances, pledges, or convertible securities were involved in this transaction.