NAVA Limited Approves Grant of 6,80,000 Restricted Stock Units (RSUs) under NAVA RSU 2023 Plan
NAVA LIMITED has approved the grant of Restricted Stock Units (RSUs) to eligible employees as part of the NAVA RSU 2023 plan. The decision was reached by the Nomination & Remuneration Committee of the Board during a meeting held on August 14, 2026.The company granted 6,80,000 RSUs (Grant-VI) to eligible employees under the NAVA RSU 2023 scheme.
Key details regarding the grant and the terms of the Restricted Stock Units include:
| Item | Description |
|---|---|
| RSU Grant | 6,80,000 RSUs were granted to eligible employees under the NAVA RSU 2023 scheme. |
| Shares Covered | 6,80,000 Equity shares of Re. 1/- each. Each RSU carries the right to apply for and be allotted one equity share of face value Re. 1/- each. |
| Exercise Price | The exercise price of each RSU is set at ₹ 465/- per RSU. |
| Minimum Vesting Period | All RSUs granted shall vest not earlier than a minimum period of 1 year. |
Significant Terms and Vesting Schedule
The vesting schedule for the employees includes multiple tranches, with the full commitment extending up to August 2030. The exercise period for the RSUs is set at ninety (90) days from the date of vesting.The details on the various aspects of the RSU grant are summarized below:
| Detail | Specification |
|---|---|
| Grant | 6,80,000 RSUs granted under NAVA RSU 2023. |
| Scheme Status | The scheme is deemed applicable under SEBI (SBEB) Regulations, 2021. |
| RSUs Lapsed | As per the plan details, 98,000 RSUs were lapsed. |
| Exercise Window | The exercise period must be exercised within ninety days from the date of vesting of the RSU. |
The Nomination and Remuneration Committee has retained discretion to modify or change the vesting schedule, provided that any such change is not detrimental in the interest of the employees. This committee may also, subject to applicable laws, change the exercise period.
NAVA Stock Price Movement
Shares of NAVA LIMITED slipped by 2.18% on Friday, shedding ₹12.65 to close at ₹572.65. The stock saw a traded volume of 1.15 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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