PNB Housing Finance Limited has informed the Exchange regarding Grant of 202000 Options.
PNBHOUSING · price
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Awaiting price reaction for this filing.
On September 30, 2025, the Nomination and Remuneration Committee of PNB Housing Finance approved the grant of 2,02,000 Restricted Stock Units (RSUs) of face value INR 10 each to eligible employees under the company's PNB Housing Restricted Stock Unit Scheme 2022. The grant is split into two tranches: 29,000 RSUs (Annexure 1) and 1,73,000 RSUs (Annexure 2). The exercise price is set at INR 10 per RSU, and each RSU converts to one equity share upon exercise. Vesting is spread over three years, linked to both company and individual performance: 10%/40%/50% for the first tranche and 30%/40%/30% for the second, with a 1-year window to exercise after each vesting. The scheme is fully compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine employee stock-based compensation action and represents only a small equity dilution (~0.13% of share capital). It signals management's effort to retain and incentivize key employees by tying rewards to long-term performance and share price, which is mildly positive for shareholder alignment but has limited immediate price impact.