Nava Limited has announced the grant of 1,55,000 Restricted Stock Units (RSUs) to eligible employees under its employee stock option scheme. The company's Nomination & Remuneration Committee approved Grant-IV under the NAVA RSU 2023 plan during its meeting held on February 05, 2026.

RSU Grant Details

The latest grant covers 1,55,000 equity shares of Re.1 face value each, with each RSU providing the right to apply for and be allotted one equity share of the company. The exercise price has been set at Rs.462 per RSU.

Vesting Schedule and Timeline

The RSUs will vest over a four-year period starting from February 2027, with all units required to vest not earlier than a minimum period of one year from the grant date. The vesting follows a graduated schedule designed to retain talent over the long term.

Exercise Period and Flexibility

Employees will have up to 90 days from the date of vesting to exercise their RSUs. The Nomination and Remuneration Committee retains discretion to modify the vesting schedule and exercise period, subject to applicable laws, provided such changes are not detrimental to employee interests.

Regulatory Compliance

The RSU grant complies with SEBI (Share Based Employee Benefits) Regulations, 2021, and the disclosure has been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board or Nomination and Remuneration Committee may modify, change, vary, amend, suspend or terminate the NAVA RSU 2023 plan subject to compliance with applicable laws and regulations.

Currently, no RSUs have been exercised under this grant, with no money realized from exercise and no RSUs lapsed. The scheme represents the company's continued commitment to employee retention and alignment of employee interests with shareholder value creation.

NAVA Limited has announced a leadership transition in its finance department, with the Board of Directors approving key changes to the Chief Financial Officer position effective March 2026. The company disclosed these developments in a regulatory filing dated February 05, 2026, ensuring compliance with SEBI listing regulations.

New CFO Appointment

The Board has approved the appointment of Mr. B. Srinivasa Rao as Chief Financial Officer and Key Managerial Personnel, effective March 04, 2026. Mr. Srinivasa Rao has been associated with NAVA Limited since June 2023, currently serving as Financial Controller.

Professional Background and Qualifications

Mr. Srinivasa Rao brings extensive experience across a wide spectrum of finance functions, including financial reporting, controllership, audits, treasury, taxation, mergers and acquisitions, financial planning and analysis, and business finance. His current responsibilities at NAVA include consolidation of accounts, treasury management, business accounts, taxation, costing, and overall supervision of the finance and accounts function.

The incoming CFO is a Chartered Accountant and holds a Bachelor's degree in Commerce from Nagarjuna University, Andhra Pradesh. His shareholding in the company includes 13,700 shares held personally and 4,600 shares held by his spouse.

Outgoing CFO Resignation

Concurrently, Mr. K.V.S. Vithal has resigned from his position as Chief Financial Officer and Key Managerial Personnel, effective from the close of business hours on March 03, 2026. The resignation, submitted via letter dated February 04, 2026, cites the pursuit of better professional prospects as the reason for departure.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement includes comprehensive details as mandated by SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, covering both the appointment and resignation processes.

The transition ensures continuity in NAVA Limited's financial leadership, with Mr. Srinivasa Rao's institutional knowledge and established presence within the organization facilitating a smooth handover of responsibilities.