Titan Company Limited — Important, 04-02-2025: General Updates

The Board Nomination and Remuneration Committee (BNRC) of Titan Company Limited has granted 5,300 Performance Stock Units (PSUs) to eligible employees under the Performance-Based Stock Unit Scheme 2023. Each PSU allows the holder to receive one fully paid-up equity share of ₹1 on vesting. The PSUs will vest over a period of three years, with a maximum exercise period of two years post-vesting. Notably, the scheme will not lead to the issuance of fresh shares, as the trust managing the scheme will acquire shares from the secondary market. This initiative is expected to enhance employee alignment with company performance, potentially boosting motivation and productivity. The lack of dilution in earnings per share is a positive indicator for existing shareholders.