Bank responds to proxy advisor's recommendation against RSU Plan 2026
UJJIVANSFB · price
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Ujjivan Small Finance Bank responded to proxy advisor IiAS, which recommended voting against the Ujjivan RSU Plan 2026 at the 10th AGM. The plan proposes up to 20 million RSUs for senior leadership, causing around 1 percent dilution. IiAS flagged unclear vesting criteria. The bank clarified each vesting requires hitting 105 percent of budgeted revenue and profit targets and a 'Meets Expectations' performance rating. The bank committed to disclosing vesting targets and outcomes in annual reports.
Shareholders can review the clarification before voting on the RSU Plan resolution at the 10th AGM. Outcome may shape institutional voting.