TCC Concept Limited Approves 27.5 Lakh Employee Stock Options Under ESOP Plan 2025

TCC Concept Limited has taken a significant step in employee engagement by approving a new employee stock option (ESOP) grant. The company's Nomination and Remuneration Committee has given the green light to issue 27,50,607 stock options under its ESOP Plan 2025, potentially allowing eligible employees to become shareholders in the company.

Key Details of the ESOP Grant

Aspect	Details
Number of Options Granted	27,50,607
Conversion Ratio	1 option : 1 equity share
Exercise Price	Rs. 10.00 per option
Vesting Period	Minimum 1 year from grant date
Scheme Name	TCC Concept Limited Employee Stock Option Scheme, 2025
Regulatory Compliance	In accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Vesting and Exercise Details

The stock options are subject to a minimum vesting period of one year from the date of grant. The vesting is contingent upon the fulfillment of conditions specified in the grant letters issued to eligible employees. The Nomination and Remuneration Committee will determine the maximum vesting period on a case-by-case basis.

Impact on Company Shares

Upon exercise of the options, TCC Concept Limited will issue fresh equity shares. This approach ensures that the ESOP plan does not involve any secondary market acquisition of shares. The equity shares allotted post-exercise of options will not be subject to any lock-in period.

Significance for Employees and the Company

This ESOP grant represents a strategic move by TCC Concept Limited to align employee interests with those of the company and its shareholders. By offering stock options, the company aims to:

Enhance employee motivation and retention
Foster a sense of ownership among staff
Attract top talent in a competitive job market

The success of this initiative will depend on the company's performance and the resulting value of its shares, which could potentially lead to financial benefits for participating employees.

Regulatory Compliance and Governance

The company has emphasized that the ESOP Plan 2025 complies with the Securities and Exchange Board of India (SEBI) regulations. The Nomination and Remuneration Committee, serving as the compensation committee, will independently administer and implement the ESOP Plan 2025, ensuring proper governance and oversight of the scheme.

As TCC Concept Limited moves forward with this employee stock option plan, it will be interesting to observe its impact on employee satisfaction, retention rates, and overall company performance in the coming years.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.95%	-4.16%	-21.71%	-26.47%	-23.03%	+2,052.54%

TCC Concept Limited , a publicly traded company, held an Extraordinary General Meeting (EGM) on November 5, 2025, where shareholders unanimously approved six significant resolutions. The meeting, conducted through video conferencing, marked a pivotal moment for the company as it sets the stage for strategic expansion and employee incentivization.

Key Resolutions Approved

Increase in Authorized Share Capital: Shareholders approved an increase in the company's authorized share capital from Rs. 40 crore to Rs. 60 crore, divided into 6 crore equity shares of Rs. 10 each.
Pepperfry Acquisition: A preferential issue of 1,18,55,560 equity shares was approved for acquiring a 98.98% stake in Pepperfry Limited through a share swap arrangement.
Employee Stock Option Plan: The TCC Concept Limited Employee Stock Option Plan 2025 received approval, extending benefits to eligible employees of the company and its subsidiaries.
Loan and Investment Limits: Shareholders authorized the company to make loans, investments, or provide security and guarantees exceeding the prescribed limits under Section 186 of the Companies Act, 2013.
ESOP Issuance: Approval was granted for issuing employee stock options equal to or exceeding 1% of the issued share capital of TCC Concept Limited.

Voting Details

The resolutions were passed with overwhelming support, as detailed in the following table:

Resolution	Votes in Favor	Votes Against	% in Favor
All Resolutions	2,21,68,728	0	100.00

Meeting Proceedings

The EGM, chaired by Mr. Umesh Kumar Sahay, was attended by all directors, key managerial personnel, and representatives of the statutory auditors and secretarial auditor. The meeting commenced at 12:30 PM IST and concluded at 12:55 PM IST, with 22 members joining via video conference.

Ms. Isha Arora, Company Secretary and Compliance Officer, managed the proceedings and informed shareholders about the e-voting process. The company provided remote e-voting facilities from November 2 to November 4, 2025, and additional e-voting during the EGM for those who had not cast their votes earlier.

Implications and Next Steps

The approved resolutions signify TCC Concept Limited's strategic move towards expanding its market presence through the acquisition of Pepperfry Limited, a significant player in the online furniture and home decor space. The increase in authorized share capital and the implementation of the ESOP plan indicate the company's focus on growth and employee retention.

The company is expected to proceed with the necessary regulatory filings and take steps to implement these resolutions in the coming weeks. Shareholders and market observers will be keenly watching how these strategic decisions unfold and impact the company's future performance and market position.

TCC Concept Limited will communicate the detailed voting results and the scrutinizer's report to the stock exchanges within two working days of the EGM's conclusion, as per regulatory requirements.