Description

BSE announces the listing of equity shares of Workmates Core2Cloud Solution Limited with lock-in periods ranging from 2026 to 2028.

Summary

BSE has listed equity shares of Workmates Core2Cloud Solution Limited in demat form. The listing includes multiple tranches of fully paid-up shares with varying lock-in periods expiring on November 20, 2026, 2027, and 2028. Total shares listed amount to approximately 9.82 million shares across different distinctive number ranges.

Key Points

  • All listed shares are fully paid-up and in demat form
  • Multiple tranches with distinctive numbers ranging from 133553 to 10010000
  • Lock-in periods categorized into three groups: expiring November 20, 2026, 2027, and 2028
  • Largest single tranche: 9,820,000 shares with lock-in until November 20, 2026
  • Various smaller tranches ranging from 50 to 641,587 shares
  • Lock-in arrangements indicate promoter and pre-IPO investor shareholdings

Regulatory Changes

No regulatory changes announced. This is a standard new listing notification.

Compliance Requirements

  • Listed shares must comply with standard BSE listing regulations
  • Lock-in restrictions apply as per SEBI regulations for the specified periods
  • Shareholders cannot transfer locked-in shares until respective lock-in expiry dates
  • Company must maintain compliance with continuous listing requirements

Important Dates

  • November 20, 2026: Lock-in expiry for approximately 9.82 million shares
  • November 20, 2027: Lock-in expiry for approximately 3.57 million shares
  • November 20, 2028: Lock-in expiry for approximately 6.76 million shares

Impact Assessment

Market Impact: Medium - New listing adds liquidity to the market segment, though substantial portion of shares under lock-in restricts immediate free float.

Investor Impact: Staggered lock-in expiry dates (2026-2028) will gradually increase tradable float, potentially affecting stock price discovery as larger tranches become available for trading. Investors should note the concentration of lock-in releases, particularly the large tranche expiring in 2026.

Operational Impact: Standard listing process with no immediate operational changes required for market participants.

Impact Justification

New equity listing with standard lock-in provisions affecting promoter and investor shareholdings, relevant for tracking new market entrants