Description

Schedule of lock-in periods for securities issued under Employee Stock Option Plans (ESOP/ESOS) with expiry dates ranging from December 16-30, 2025.

Summary

BSE has published the lock-in schedule for securities issued under Employee Stock Option Plans (ESOP) and Employee Stock Ownership Schemes (ESOS). The circular details 15 tranches of shares with lock-in periods expiring between December 16-30, 2025, covering a total of approximately 730,950 shares.

Key Points

  • Total of 15 tranches of ESOP/ESOS shares with lock-in schedules
  • Lock-in expiry dates range from December 16, 2025 to December 30, 2025
  • Shares distributed across distinctive number ranges (12527840562 to 12528760961)
  • Tranche sizes vary from 5,000 shares to 118,200 shares
  • Total approximate shares covered: 730,950
  • Largest single tranche: 118,200 shares (expiring December 19, 2025)
  • Smallest tranches: 5,000 shares each (expiring December 16-17, 2025)

Regulatory Changes

No regulatory changes introduced. This is a routine disclosure of lock-in schedules for previously issued ESOP/ESOS securities.

Compliance Requirements

  • Companies must adhere to the specified lock-in periods for the distinctive number ranges provided
  • Shares cannot be traded until their respective lock-in expiry dates
  • Issuing companies must ensure compliance with ESOP/ESOS regulations and lock-in provisions

Important Dates

Lock-In Expiry Schedule:

  • December 16, 2025: 5,000 shares
  • December 17, 2025: 5,000 shares
  • December 18, 2025: 18,000 shares
  • December 19, 2025: 118,200 shares
  • December 20, 2025: 100,000 shares
  • December 21, 2025: 100,000 shares
  • December 22, 2025: 92,600 shares
  • December 23, 2025: 17,400 shares
  • December 24, 2025: 28,600 shares
  • December 25, 2025: 11,500 shares
  • December 26, 2025: 94,500 shares
  • December 27, 2025: 45,150 shares
  • December 28, 2025: 17,200 shares
  • December 29, 2025: 60,000 shares
  • December 30, 2025: 23,800 shares

Impact Assessment

Market Impact: Low. The staggered release of approximately 731,000 shares over a 15-day period in December 2025 represents routine ESOP/ESOS listing activity. The quantities are relatively small and distributed across multiple dates, minimizing potential market pressure.

Liquidity Impact: Minimal. The gradual unlock schedule prevents sudden supply increases in the market.

Stakeholder Impact: Affects employee option holders who will gain trading flexibility as their lock-in periods expire. Companies involved will see increased free float in small increments during the specified period.

Impact Justification

Routine administrative listing of ESOP/ESOS securities with lock-in schedules. Limited market impact as these are small quantities with staggered release dates.