Description

BSE circular detailing the listing of additional securities issued by companies under Employee Stock Option Plans/Employee Stock Option Schemes with lock-in periods expiring between December 16-30, 2025.

Summary

BSE has listed further securities issued by companies under Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). The circular provides details of securities with lock-in periods that will expire between December 16-30, 2025. A total of 732,950 shares across 15 tranches are covered under this listing notification.

Key Points

  • Total of 732,950 shares listed under ESOP/ESOS schemes
  • 15 separate tranches with staggered lock-in expiry dates
  • Lock-in periods expire between December 16, 2025 and December 30, 2025
  • Largest single tranche: 118,200 shares (expiring December 19, 2025)
  • Smallest single tranche: 5,000 shares (expiring December 16 and 17, 2025)
  • Securities identified by distinctive number ranges from 12527840562 to 12528760961

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification for securities already issued under existing ESOP/ESOS frameworks.

Compliance Requirements

  • Companies must ensure accurate tracking of lock-in expiry dates for each tranche
  • Depositories must update lock-in status upon expiry of respective dates
  • Shareholders holding these securities can trade them only after their specific lock-in expiry dates

Important Dates

  • December 16, 2025: 5,000 shares (Dst. 12527840562-12527845561)
  • December 17, 2025: 5,000 shares (Dst. 12527845562-12527850561)
  • December 18, 2025: 18,000 shares (Dst. 12528574612-12528592611)
  • December 19, 2025: 118,200 shares (Dst. 12527869562-12527987761)
  • December 20, 2025: 100,000 shares (Dst. 12528185612-12528285611)
  • December 21, 2025: 100,000 shares (Dst. 12528085612-12528185611)
  • December 22, 2025: 92,600 shares (Dst. 12527993012-12528085611)
  • December 23, 2025: 17,400 shares (Dst. 12528285612-12528303011)
  • December 24, 2025: 28,600 shares (Dst. 12528316012-12528344611)
  • December 25, 2025: 11,500 shares (Dst. 12528592612-12528604111)
  • December 26, 2025: 94,500 shares (Dst. 12528666462-12528760961)
  • December 27, 2025: 45,150 shares (Dst. 12528621312-12528666461)
  • December 28, 2025: 17,200 shares (Dst. 12528604112-12528621311)
  • December 29, 2025: 60,000 shares (Dst. 12528463812-12528523811)
  • December 30, 2025: 23,800 shares (Dst. 12528523812-12528547611)

Impact Assessment

Market Impact: Minimal. The total volume of 732,950 shares being released from lock-in over a 15-day period represents a relatively small supply that is unlikely to materially impact market prices. The staggered release schedule further dilutes any potential selling pressure.

Operational Impact: Routine administrative process for depositories and trading members. No special procedures required beyond standard lock-in release protocols.

Investor Impact: Beneficial for ESOP/ESOS holders who will gain liquidity on their holdings as lock-in periods expire. Employees can monetize their stock options according to the scheduled dates.

Impact Justification

Routine administrative listing of ESOP/ESOS securities with staggered lock-in expiry dates. Limited market impact as these are small tranches of employee stock options being listed over a 15-day period.