Nava Bharat Ventures has reported meaningful progress in its integrated sugar project, highlighting advancement in key operational areas. The company has announced that sugarcane plantation multiplication activities are progressing according to plan, representing a crucial foundation for the project's long-term success.

Project Development Update

The integrated sugar project has reached an important milestone with the company confirming that equipment supplies are set to commence soon. This development indicates the project is transitioning from the initial planning and preparation phase to active implementation and equipment deployment.

Plantation Operations Progress

The sugarcane plantation multiplication component of the project continues to advance, establishing the agricultural foundation necessary for the integrated sugar manufacturing operation. This agricultural component represents a critical element of the company's comprehensive approach to sugar production.

Equipment Supply Commencement

Nava Bharat Ventures has indicated that equipment supplies for the sugar project will begin shortly, marking a significant step forward in the project's execution timeline. The commencement of equipment supplies suggests the project is moving into its active development and installation phase.

This integrated approach to sugar production, combining plantation development with manufacturing capabilities, reflects the company's strategic expansion into the sugar sector through a vertically integrated model.

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.