Description

BSE notification regarding the listing of shares issued to employees under Employee Stock Option Plans (ESOP/ESOS) with specified lock-in periods expiring in December 2025.

Summary

BSE has listed further securities issued by companies under Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). A total of 736,950 shares have been listed with lock-in periods, with various tranches expiring on December 16, 17, 2025.

Key Points

  • Total shares listed: 736,950
  • All shares are subject to lock-in periods
  • Lock-in expiry dates: December 16 and 17, 2025
  • Shares are distributed across multiple ISIN number ranges
  • Largest single tranche: 118,200 shares (ISIN range 12527869562-12527987761)

Lock-in Details

December 17, 2025 Expiry

  • 5,000 shares (ISIN: 12527840562-12527845561)
  • 5,000 shares (ISIN: 12527845562-12527850561)
  • 118,200 shares (ISIN: 12527869562-12527987761)
  • 100,000 shares (ISIN: 12528185612-12528285611)
  • 100,000 shares (ISIN: 12528085612-12528185611)
  • 92,600 shares (ISIN: 12527993012-12528085611)
  • 17,400 shares (ISIN: 12528285612-12528303011)
  • 28,600 shares (ISIN: 12528316012-12528344611)
  • 60,000 shares (ISIN: 12528463812-12528523811)
  • 23,800 shares (ISIN: 12528523812-12528547611)

December 16, 2025 Expiry

  • 18,000 shares (ISIN: 12528574612-12528592611)
  • 11,500 shares (ISIN: 12528592612-12528604111)
  • 94,500 shares (ISIN: 12528666462-12528760961)
  • 45,150 shares (ISIN: 12528621312-12528666461)
  • 17,200 shares (ISIN: 12528604112-12528621311)

Regulatory Changes

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

Compliance Requirements

  • Listed companies must ensure compliance with lock-in provisions
  • Shares cannot be traded until respective lock-in expiry dates
  • Companies must maintain records of ISIN ranges and lock-in periods

Important Dates

  • December 16, 2025: Lock-in expiry for 186,350 shares
  • December 17, 2025: Lock-in expiry for 550,600 shares
  • November 24, 2025: Listing date (circular publication)

Impact Assessment

Minimal market impact expected. These are employee-issued securities with lock-in restrictions, representing routine corporate actions under ESOP/ESOS schemes. The shares will become tradable only after their respective lock-in periods expire in mid-December 2025. The quantities involved are relatively small and will be released gradually across two dates, minimizing any potential supply-side pressure on the market.

Impact Justification

Routine administrative listing of employee stock options with lock-in periods. Limited market impact as these are small quantities with lock-in restrictions until December 2025.