NAVA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nava Ltd has granted 70,000 RSUs to eligible employees under its NAVA RSU 2023 plan, approved by the Nomination & Remuneration Committee on May 14, 2026. Each RSU gives the holder the right to apply for 1 equity share of Re.1 face value at an exercise price of Rs.555 per RSU. The RSUs vest over 4 years starting May 2027 (20%), followed by 20% in 2028, 25% in 2029, and 35% in 2030, with a minimum 1-year vesting period. Employees have 90 days from vesting to exercise. No RSUs have been exercised yet. The scheme complies with SEBI (SBEB) Regulations, 2021.
The grant is a standard employee retention tool with minimal share count impact (70,000 shares). No immediate dilution or EPS impact currently. Positive for employee morale and alignment of interests.