NAVA Limited has granted 155,000 Restricted Stock Units (RSUs) to its eligible employees under the NAVA RSU 2023 plan. The grant was approved by the Nomination & Remuneration Committee on February 5, 2026. Each RSU allows the holder to apply for one equity share with an exercise price of ₹462 per unit. The vesting period starts after one year.
RSU Grant Details
NAVA Limited’s Nomination & Remuneration Committee has approved the grant of 155,000 Restricted Stock Units (RSUs) to eligible employees. This grant, labeled Grant-IV, falls under the NAVA – RESTRICTED STOCK UNIT PLAN 2023.
Key Terms of the RSU Plan
Each RSU gives the employee the right to apply for one equity share of the company, with each share having a face value of ₹1. The exercise price for each RSU is set at ₹462. The RSUs vest no earlier than one year from the grant date.
Vesting Schedule
The vesting of the granted RSUs will occur in four tranches:
* 20% on February 5, 2027
* 20% on February 5, 2028
* 25% on February 5, 2029
* 35% on February 5, 2030
The exercise period for each vested RSU will be up to 90 days from its vesting date. The Nomination and Remuneration Committee has the authority to modify the vesting schedule and exercise period, provided such changes do not negatively impact the employees.
Source: BSE
