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Tata Consumer Products Ltd

Grant of fourth tranche of PSU

Source: RNS
RNS Number : 5710X
Tata Consumer Products Limited
26 April 2023
 

April 26, 2023

 

London stock exchange

10 Paternoster Square

London

EC4M 7LS

United Kingdom


 

Sub: Grant of fourth tranche of Performance Share Units under TCPL- SLTI Scheme 2021

 

Dear Sir/Madam,

 

With regards to the Board Meeting of the Company held on April 25, 2023, we are pleased to submit as under:

 

This is to inform you that pursuant to authority granted by the Shareholders through Postal Ballot on December 28, 2021, the Nomination and Remuneration Committee of the Board at its meeting held on April 25, 2023 approved the grant of 265,175 Performance Share Units ("PSUs") to the eligible employees in terms of the Tata Consumer Products Limited- Share-based Long Term Incentive Scheme 2021 ("TCPL-SLTI Scheme 2021") under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Kindly take the same on your record and acknowledge.

 

Yours Sincerely,

For: TATA CONSUMER PRODUCTS LIMITED

 

 

Neelabja Chakrabarty                                                            

Company Secretary

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