Tata Consumer Products Grants 3.25 Lakh Performance Shares Under SLTI Scheme 2024
Tata Consumer Products granted 3,25,020 Performance Share Units (PSUs) under its SLTI Scheme 2024. The grant was approved on May 8, 2026. The exercise price is Re. 1 per PSU. The scheme complies with SEBI regulations.
The grant of performance shares is a standard employee incentive practice and is unlikely to have a material impact on the company's financial performance or stock price.
The announcement is a routine grant of performance shares to employees under an existing scheme and does not contain any significant positive or negative financial or business developments.
Tata Consumer Products Limited (TATACONSUM) has announced the grant of 3,25,020 Performance Share Units (PSUs) to eligible employees under the Tata Consumer Products Limited - Share-based Long Term Incentive Scheme 2024 (TCPL-SLTI Scheme 2024). This grant was approved by the Nomination and Remuneration Committee on May 08, 2026, following authorization from shareholders via postal ballot on May 4, 2024.
The PSUs are granted in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each PSU corresponds to one fully paid-up equity share of Re. 1 each. The exercise price for these PSUs is Re. 1 per PSU, which is the face value of the underlying equity shares.
The number of PSUs granted was determined based on the Long Term Incentive Pay awarded to eligible employees, divided by the closing market price of the shares on the NSE on May 7, 2026, one trading day prior to the approval date. The exercise period for the vested PSUs will commence from the date of vesting and expire twelve months thereafter, with provisions for extension by the Nomination & Remuneration Committee. The company has made this information available on its website.
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TATA CONSUMER PRODUCTS LIMITED filed this with the NSE as a statutory disclosure, categorised under designated person disclosures. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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