Tata Power Grants 64.89 Lakh Employee Stock Options at Exercise Price of ₹360
The Tata Power Company Limited has approved the grant of 64,88,790 employee stock options to eligible employees under its Employee Stock Option Plan 2023 (ESOP 2023).
The grant was approved by the company's Nomination and Remuneration Committee at its meeting held on November 11, 2026, pursuant to shareholder approval received through a Postal Ballot dated September 25, 2023.
According to the regulatory disclosure submitted to BSE and the National Stock Exchange under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the options have been granted under the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Tata Power ESOP 2023: Key Details
The 64,88,790 options are exercisable into an equivalent number of fully paid-up equity shares of Tata Power, each having a face value of ₹1.
The exercise price has been fixed at ₹360 per share, corresponding to the closing market price of Tata Power shares on the NSE on November 9, 2026.
The options will vest over a period of at least one year and a maximum of three years from the grant date. Once vested, employees will have a maximum period of two years from the respective vesting date to exercise their options.
As of the date of the disclosure, no options had vested or been exercised. Consequently, no money had been realised through exercise, and no equity shares had been issued under this grant.
The company also disclosed that no options had lapsed and no variation in the terms of the options had been made. The diluted earnings per share impact will be determined following exercise, as the options are yet to be exercised.
Tata Power is listed on the BSE under scrip code 500400 and on the NSE under the symbol TATAPOWER.