PNB Housing grants 1.75 lakh restricted stock units to employees

PNB Housing Finance Limited has approved the grant of 175,000 Restricted Stock Units (RSUs) of INR 10 each to eligible employees under its Restricted Stock Unit Scheme 2020. The decision was made by the nomination and remuneration committee on September 30, 2025, in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The RSUs are subject to a performance-based vesting schedule. 10% of the RSUs will vest after one year from the grant date, 40% after two years, and the remaining 50% after three years, contingent on the achievement of specified performance conditions. Each RSU, upon exercise, will entitle the holder to one equity share of INR 10.

The scheme aims to incentivize employees through a combination of company and individual performance metrics. The RSUs can be exercised within one year from their respective vesting dates, leading to the allotment of equity shares of the company.