Titan Company Limited — Important, 05-11-2024: General Updates

Titan Company Limited announced the grant of 2,600 Performance Stock Units (PSUs) to eligible employees under its 2023 Performance-Based Stock Unit Scheme. Each PSU entitles the holder to one equity share of ₹1 upon vesting, with a vesting period of three years and an exercise period of up to two years post-vesting. The scheme will be executed through a trust acquiring shares from the secondary market, ensuring no fresh shares are issued, maintaining no dilution of earnings per share.