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 Grant-II of 3,10,000 Restricted Stock Units (RSUs) to eligible employees on August 13, 2025, under the NAVA Restricted Stock Unit Plan 2023. Each RSU is convertible into one equity share of Re.1 face value at an exercise price of Rs.498 per RSU. The RSUs will vest in four tranches over four years — 20% in August 2026, 20% in August 2027, 25% in August 2028, and the final 35% in August 2029 — subject to a minimum one-year vesting period. Employees have 90 days from each vesting date to exercise their RSUs. No RSUs have been exercised, lapsed, or varied so far under this plan.
This is a routine employee stock benefit grant and not a material capital event. When RSUs are eventually exercised, there will be mild equity dilution, but the 3.1 lakh shares granted are small relative to typical corporate share bases. Existing shareholders are not directly affected at this stage.