NAVA LIMITED has informed the Exchange regarding 'Grant of RSU's under NAVA RESTRICTED STOCK UNIT PLAN 2023'.
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NAVA Limited's Nomination & Remuneration Committee approved the grant of 19,95,000 RSUs to eligible employees on May 16, 2025, under the NAVA Restricted Stock Unit Plan 2023. Each RSU entitles the holder to one equity share of Re.1 face value, at an exercise price of Rs.378 per RSU. The RSUs will vest in four tranches from May 16, 2026 to May 16, 2029 (20%, 20%, 25%, and 35% respectively), with a minimum one-year vesting period. The scheme is compliant with SEBI (SBEB) Regulations, 2021. No RSUs have been exercised or lapsed so far.
This is a routine employee stock-based compensation announcement. If all RSUs are eventually exercised, the company could issue up to 19.95 lakh new equity shares, leading to mild dilution for existing shareholders. No immediate material impact on stock price is expected, but it signals management's approach to long-term employee incentivisation.