Description

Global Health Limited seeks listing approval for 20,000 equity shares allotted under their Employee Long Term Share Based Incentive Plan 2024 with lock-in requirements.

Summary

Global Health Limited has submitted an undertaking to BSE for listing and trading approval of 20,000 equity shares allotted under Part B of their Employee Long Term Share Based Incentive Plan 2024. The company confirms compliance with SEBI regulations regarding lock-in requirements for employee benefit schemes.

Key Points

  • 20,000 equity shares to be listed under GHL Employee Long Term Share Based Incentive Plan 2024
  • Lock-in requirements comply with SEBI (Share Based Employee Benefit and Sweat Equity) Regulation 2021
  • Lock-in period commences when shares transfer from GHL Employees Welfare Trust to employee demat accounts
  • Implementation to be done in phased manner for different employees
  • Company Secretary Rahul Ranjan signed the undertaking

Regulatory Changes

No regulatory changes introduced. This is compliance with existing SEBI regulations for employee share-based benefits.

Compliance Requirements

  • Lock-in period implementation as per Regulation 22 of SEBI regulations
  • Compliance with Para 15 of Part B of GHL Plan 2024
  • Minimum lock-in period of 1 year
  • Maximum lock-in period of 5 years
  • Lock-in to be ensured at time of transfer from trust to employee accounts

Important Dates

  • Document dated: September 01, 2025
  • Lock-in period: Commences from date of share transfer to employee demat accounts
  • Duration: 1-5 years depending on employee category

Impact Assessment

Minimal market impact as this involves a small number of shares (20,000) being allotted to employees under an existing incentive plan. The lock-in requirements ensure orderly market behavior and prevent immediate selling pressure. This is a routine corporate action for employee benefit schemes.

Impact Justification

Routine employee share allotment with standard lock-in compliance, minimal market impact