IIAS opposes Ujjivan SFB RSU plan over disclosure concerns

Institutional Investor Advisory Services (IIAS) has opposed Ujjivan Small Finance Bank's RSU Scheme-2026 over insufficient disclosure on vesting terms, pushing for performance-based metrics with detailed target disclosures. The scheme would result in about 1% dilution on the expanded capital base, with up to 20 RSUs proposed for senior leadership. The bank responded that each vesting requires achieving at least 105% of board-approved budgeted revenue and profit targets, along with individual performance ratings of at least 'meets expectations'.