Nuvama Wealth Management Limited — Others, 28-05-2025: Options to purchase securities

Nuvama Wealth Management Limited has announced a board meeting to approve the grant of 24,060 Employee Stock Appreciation Rights (ESARs) under its 2024 ESAR Plan to eligible employees. The exercise price will be based on the average stock price over 20 trading days before the grant date. Of these, 19,560 ESARs are exercisable within two years of vesting and 4,500 within four years. Once exercised, these rights convert into equity shares, linking employee benefits to shareholder value creation.