Nuvama Wealth grants 93,930 Employee Stock Appreciation Rights

Nuvama Wealth Management Ltd has approved the grant of 93,930 Employee Stock Appreciation Rights (ESARs) to eligible employees under the ‘Nuvama Wealth Employee Stock Appreciation Rights Plan 2024’ on May 11, 2026. The ESAR price will be determined by the Nomination and Remuneration Committee based on the average of the daily opening and closing price of the company's equity shares over the 20 trading days prior to the relevant date. The ESARs can be exercised within 2 years from the date of vesting.