ESOP14 Aug 2026, 07:33 pm
Nava Ltd Approves Grant of 6,80,000 RSUs Under 2023 Plan
AI Summary
Nava Limited's Nomination & Remuneration Committee approved the grant of 6,80,000 Restricted Stock Units (RSUs) under the NAVA - RESTRICTED STOCK UNIT PLAN 2023 to eligible employees. The RSUs, designated as Grant-VI, represent 6,80,000 equity shares of Re.1/- each. The exercise price is set at ₹3465/- per RSU. Vesting will occur over a minimum period of one year, with a phased schedule from August 14, 2027, to August 14, 2030. The exercise period for vested RSUs is up to ninety days from the vesting date. The company also noted that 98,000 RSUs have lapsed.
Key Highlights
- 6,80,000 RSUs granted under NAVA RSU Plan 2023.
- Exercise price set at ₹3465 per RSU.
- Vesting period is a minimum of one year, phased until 2030.
- Exercise window is 90 days post-vesting.
- 98,000 RSUs have lapsed.
Price Impact
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