Postal ballot: ESAR 2026 scheme and revision in MD, ED remuneration

Board & Shareholder Meetings View source PDF

NUVAMA · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+5.0%1-day move

₹1790.90

prior close

₹1800.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.4-0.2-0.1-0.3+5.0+4.4+6.9+3.3+8.7+7.4+8.5———

Up moveDown movePending

AI summary

Nuvama has issued a postal ballot notice for 5 special resolutions. Items 1-3 seek approval for ESAR 2026 scheme covering up to 1.37 crore stock appreciation rights for employees of the company, subsidiaries and associates. Items 4-5 seek to revise pay of MD and CEO Ashish Kehair (salary up to Rs 5.50 crore plus bonus up to 3x) and Executive Director Shiv Sehgal (salary up to Rs 4 crore plus bonus up to 3x). Remote e-voting: July 3 to August 1, 2026.

Likely market impact

Potential dilution from up to 1.37 crore new shares via ESAR; higher executive pay. Shareholders should vote before August 1, 2026.