Description

BSE circular regarding the listing of equity shares of Excelsoft Technologies Limited (formerly Excelsoft Technologies Private Limited) with lock-in details for various share categories.

Summary

BSE has listed equity shares of Excelsoft Technologies Limited (CIN: U72900KA2000PLC027256), a Karnataka-based technology company. The circular provides detailed lock-in information for 11,50,84,164+ equity shares with varying lock-in periods ranging from one month to three years, including shares issued under ESOP schemes and IPO.

Key Points

  • Company registered office located at 1-B, Hootagalli Industrial Area, Mysuru – 570 018, Karnataka
  • Total shares covered: Approximately 11.5 crore equity shares
  • Multiple lock-in categories including promoter shares, ESOP shares, and IPO public shares
  • Lock-in periods vary: 1 month (till 23-Dec-2025), 3 months (till 21-Feb-2026), 1 year (till 25-Nov-2026), and 3 years (till 25-Nov-2028)
  • Majority of shares are in demat form with some physical shares
  • Significant portion of shares under lock-in starting from 24-Nov-2025

Lock-in Details

Promoter/Pre-IPO Shares

  • 8,47,507 shares: Lock-in from 24-Nov-2025 to 25-Nov-2026 (1 year)
  • 7,07,416 shares: Lock-in from 24-Nov-2025 to 23-Dec-2025 (1 month)
  • 1,26,021 shares: Lock-in from 24-Nov-2025 to 23-Dec-2025 (1 month)
  • 8,33,438 shares: Lock-in from 24-Nov-2025 to 21-Feb-2026 (3 months)
  • 54,16,561 shares: Lock-in from 24-Nov-2025 to 23-Dec-2025 (1 month)
  • 54,16,563 shares: Lock-in from 24-Nov-2025 to 21-Feb-2026 (3 months)

Long-term Lock-in Shares

  • 49,77,293 shares: Lock-in till 25-Nov-2026 (1 year)
  • 1,15,08,417 shares: Lock-in till 25-Nov-2028 (3 years)
  • 2,66,98,504 shares: Lock-in till 25-Nov-2026 (1 year)
  • 1,15,08,416 shares: Lock-in till 25-Nov-2028 (3 years)
  • 1,26,43,500 shares: Lock-in till 25-Nov-2026 (1 year)

ESOP Shares (Not under lock-in)

  • Multiple tranches totaling approximately 1,03,51,060 shares
  • These shares are not subject to lock-in restrictions

IPO Public Shares

  • 2,49,99,791 shares: Not under lock-in (IPO Public category)

Compliance Requirements

  • Shareholders must adhere to the specified lock-in periods before trading locked-in shares
  • Physical shares must be converted to demat form before trading on exchange
  • Lock-in restrictions apply from the dates specified (primarily starting 24-Nov-2025)
  • ESOP shares are freely tradable without lock-in restrictions

Important Dates

  • Lock-in Start Date: 24-Nov-2025 (for most locked-in shares)
  • First Lock-in Expiry: 23-Dec-2025 (1-month lock-in)
  • Second Lock-in Expiry: 21-Feb-2026 (3-month lock-in)
  • One-year Lock-in Expiry: 25-Nov-2026
  • Three-year Lock-in Expiry: 25-Nov-2028

Impact Assessment

Market Impact: Medium - This is a new listing with substantial shares under lock-in, which will restrict supply and potentially support price stability in the near term. The staggered lock-in expiry dates (1 month, 3 months, 1 year, and 3 years) will gradually increase tradable float over time.

Liquidity Impact: Initial trading liquidity will be limited to IPO public shares (~2.5 crore) and ESOP shares (~1.03 crore), representing approximately 30% of total shares. Full liquidity will only be available after the final lock-in expires in November 2028.

Investor Impact: Long-term investors and promoters are locked in for extended periods (up to 3 years), demonstrating commitment. ESOP holders have immediate trading flexibility, which may create near-term selling pressure.

Impact Justification

New equity listing on BSE with mixed lock-in periods affecting trading liquidity for shareholders and market participants