PNB Housing Finance Limited has granted 90,000 Restricted Stock Units (RSUs) to certain eligible employees under its PNB Housing Restricted Stock Unit Scheme 2022. The grant was approved by the Nomination and Remuneration Committee at its meeting held on May 22, 2026.
Key Details:
- Each RSU has a face value of INR 10
- Exercise price: INR 10 per share
- Each RSU upon exercise entitles the holder to allotment of one equity share of INR 10 each
- Total shares covered: 90,000 equity shares
- The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Vesting Schedule:
The RSUs vest over a 4-year period based on achievement of performance conditions (combination of company and individual performance) as specified in the grant letter:
- After 1 year from date of grant: 20% of RSUs granted
- After 2 years from date of grant: 20% of RSUs granted
- After 3 years from date of grant: 30% of RSUs granted
- After 4 years from date of grant: 30% of RSUs granted
Regulatory Compliance:
- Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Reference to SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
- The requirements under sub-clauses (g) to (k), (m) & (n) of Clause 10 of Part B of Annexure 1 of the SEBI Circular are noted as not applicable
Additional Information:
- Money realized by exercise of Options: Not applicable
- Options lapsed: Not applicable
- Variation of terms of Options: Not applicable
- Subsequent changes or cancellation or exercise of such Options: Not applicable
- Diluted earnings per share: Not provided
Company Details:
- Contact: Phone: 011-66030500, Email: investor.services@pnbhousing.com, Website: www.pnbhousing.com