NAVA LIMITED has informed the Exchange about Grant of RSUs
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NAVA LIMITED's Nomination & Remuneration Committee has approved the grant of 70,000 RSUs (Grant-V) to eligible employees under the NAVA RSU 2023 Plan. The RSUs have an exercise price of Rs. 555 per unit, with each RSU entitling the holder to one equity share of Re. 1 face value. Vesting will occur over four tranches from May 2027 to May 2030, with 20%, 20%, 25%, and 35% of RSUs vesting respectively. The exercise period is 90 days from the vesting date. No RSUs have been exercised or lapsed so far. The scheme is compliant with SEBI (SBEB) Regulations, 2021.
This is a routine equity compensation announcement that aligns employee interests with shareholders. The dilution is minimal at 70,000 shares (face value Re. 1 each), and the impact on earnings per share remains neutral as no shares have been exercised yet.