Date: August 14, 2026

Board Meeting Outcomes

  • The Nomination & Remuneration Committee of the Board of Nava Limited approved the Grant of 6,80,000 RSUs (Grant–VI) under the NAVA – RESTRICTED STOCK UNIT PLAN 2023 (NAVA RSU 2023) to eligible employees of the Company.
  • The meeting was held on August 14, 2026.

ESOP Details

Grant Details:

  • Grant Designation: Grant-VI
  • Number of RSUs Granted: 6,80,000
  • Scheme: NAVA – RESTRICTED STOCK UNIT PLAN 2023 (NAVA RSU 2023)
  • Eligible Participants: Employees of the Company

Share Coverage:

  • Total number of shares covered: 6,80,000 Equity shares of Re.1/- each.
  • Each RSU carries the right to apply for and be allotted 1 (one) equity share of face value of Re.1/- each.

Pricing:

  • The exercise price of each RSU shall be ₹465 per RSU.

Vesting Period and Schedule:

  • All RSUs granted shall vest not earlier than a minimum period of 1 (one) year.
  • Vesting schedule is as follows:
  • 1st Tranche: 20% of RSUs granted (1,36,000 RSUs) on 14-August-2027
  • 2nd Tranche: 20% of RSUs granted (1,36,000 RSUs) on 14-August-2028
  • 3rd Tranche: 25% of RSUs granted (1,70,000 RSUs) on 14-August-2029
  • 4th Tranche: 35% of RSUs granted (2,38,000 RSUs) on 14-August-2030
  • The Nomination and Remuneration Committee may, at its discretion and subject to applicable laws, change the vesting schedule provided such change is not detrimental to the interest of the employees.

Exercise Period:

  • The exercise period shall be up to ninety (90) days from the date of vesting of each RSU.
  • The Nomination and Remuneration Committee may, at its discretion and subject to applicable laws, change the exercise period provided such change is not detrimental to the interest of the employees.

Other Significant Terms:

  • The scheme is in terms of SEBI (SBEB) Regulations, 2021.
  • The Board or Nomination and Remuneration Committee may, if deemed necessary, modify, change, vary, amend, suspend or terminate the NAVA RSU 2023, subject to compliance with applicable laws and regulations.

Not Applicable Items:

  • RSUs exercised: Not Applicable (pertaining to grant only)
  • Money realized by exercise of RSUs: Not Applicable (pertaining to grant only)
  • Subsequent changes or cancellation or exercise of such RSUs: Not Applicable
  • Diluted earnings per share pursuant to issue of equity shares on exercise of RSUs: Not Applicable

Compliance Disclosure

  • The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The information is provided in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.