Description

Global Health Limited confirms compliance with lock-in requirements for 20,000 equity shares under employee incentive plan.

Summary

Global Health Limited has submitted an undertaking to BSE confirming compliance with lock-in requirements under SEBI regulations for 20,000 equity shares allotted under Part B of their Employee Long Term Share Based Incentive Plan 2024.

Key Points

  • 20,000 equity shares allotted under GHL Plan 2024 Part B
  • Lock-in requirements comply with SEBI (Share Based Employee Benefit and Sweat Equity) Regulation 2021
  • Lock-in period commences when shares transfer from trust to employee demat accounts
  • Phased implementation with varying lock-in periods for different employees

Regulatory Changes

No regulatory changes announced. This is a compliance confirmation under existing SEBI regulations.

Compliance Requirements

  • Lock-in requirements as per Regulation 22 of SEBI regulations
  • Para 15 of Part B of GHL Plan 2024 compliance
  • Lock-in period enforcement at time of share transfer from trust to employees

Important Dates

  • Lock-in period: Minimum 1 year, maximum 5 years
  • Commencement: From date of share transfer from GHL Employees Welfare Trust to employee accounts

Impact Assessment

Minimal market impact as this relates to employee share incentive plan compliance. The shares will have trading restrictions based on the lock-in periods, ensuring gradual market entry over 1-5 years.

Impact Justification

Routine compliance undertaking for employee share plan with limited market impact