Description

BSE announces listing of 60,12,000 equity shares of Western Overseas Study Abroad Limited with varying lock-in periods ranging from immediate free trading to three-year lock-in.

Summary

BSE has announced the listing of 60,12,000 fully paid equity shares of Western Overseas Study Abroad Limited (CIN: U80903HR2013PLC05043). The shares are distributed across four tranches with different lock-in periods, ranging from shares that are free from lock-in to shares locked in until December 14, 2028.

Key Points

  • Total equity shares listed: 60,12,000 (all fully paid)
  • Four tranches with different lock-in periods
  • 17,98,000 shares are free from lock-in
  • Remaining 42,14,000 shares have lock-in periods ranging from 1 to 3 years
  • Listing effective from December 10, 2025
  • Company registered in Haryana

Lock-in Details

Tranche 1 (Distinctive Numbers: 1 to 12,10,000)

  • Number of shares: 12,10,000
  • Lock-in start: December 03, 2025
  • Lock-in end: December 14, 2028
  • Lock-in period: 3 years

Tranche 2 (Distinctive Numbers: 12,10,001 to 27,12,765)

  • Number of shares: 15,02,765
  • Lock-in start: December 03, 2025
  • Lock-in end: December 14, 2027
  • Lock-in period: 2 years

Tranche 3 (Distinctive Numbers: 27,12,766 to 42,14,000)

  • Number of shares: 15,01,235
  • Lock-in start: December 03, 2025
  • Lock-in end: December 14, 2026
  • Lock-in period: 1 year

Tranche 4 (Distinctive Numbers: 42,14,001 to 60,12,000)

  • Number of shares: 17,98,000
  • Status: Free from lock-in (immediately tradable)

Compliance Requirements

  • Shareholders must adhere to the lock-in restrictions as per the specified distinctive number ranges
  • Shares in lock-in cannot be transferred or sold until the respective lock-in expiry dates
  • Company must maintain records of locked-in shares

Important Dates

  • December 03, 2025: Lock-in period commencement date for tranches 1, 2, and 3
  • December 10, 2025: Listing date and circular issuance date
  • December 14, 2026: Lock-in expiry for Tranche 3 (15,01,235 shares)
  • December 14, 2027: Lock-in expiry for Tranche 2 (15,02,765 shares)
  • December 14, 2028: Lock-in expiry for Tranche 1 (12,10,000 shares)

Impact Assessment

This is a routine listing announcement with minimal market-wide impact. The staggered lock-in structure suggests a controlled release of shares into the market over a three-year period, which may help prevent sudden supply shocks. Approximately 30% of the listed shares (17,98,000) are immediately tradable, while the remaining 70% will become available progressively over three years. This listing provides liquidity to existing shareholders while maintaining price stability through the lock-in mechanism.

Impact Justification

Routine listing announcement for a single company with standard lock-in provisions; limited market-wide impact