Nuvama Wealth Management Adopts Employee Stock Appreciation Rights Scheme

Nuvama Wealth Management Limited's Board of Directors, upon recommendation from the Nomination and Remuneration Committee, has approved the adoption of the 'Nuvama Wealth Management Limited Employee Stock Appreciation Rights Scheme 2026'. This scheme aims to reward and retain eligible employees by granting them stock appreciation rights. The total number of ESARs to be granted shall not exceed 1,37,00,000. The scheme is in compliance with SEBI regulations and requires member approval via postal ballot. The ESAR price will be linked to the market price, potentially with a discount of up to 10%. Vesting periods range from 1 to 6 years, and exercise periods from 1 to 5 years post-vesting.