Ceat board approves new stock option scheme, appoints director

Ceat Limited's board of directors, in a meeting held today, approved several key initiatives, including an Employees Stock Option Scheme 2025 (ESOP 2025). The scheme will allow the company to grant options to eligible employees, with a pool of 400,000 options, exercisable into equity shares with a face value of ₹10 each. Implementation will be through a Trust, acquiring shares via secondary acquisition.