PFA intimation wrt Grant of Employee Stock Appreciation Rights

Nuvama Wealth Management has granted 24,060 Employee Stock Appreciation Rights (ESARs) to eligible employees on May 28, 2025, under its ESAR Plan 2024. The ESARs will settle in equity shares upon exercise, covering not more than 24,060 equity shares in total. The exercise price will be based on the average daily opening and closing price of the company's shares over the 20 trading days before the relevant date, as decided by the Nomination and Remuneration Committee. Of these, 19,560 ESARs have a 2-year exercise window from vesting, while 4,500 ESARs have a 4-year window. No ESARs have vested yet, and the scheme complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.