Description

BSE announces listing of 3,199 additional equity shares issued under Employee Stock Option Plans with varying lock-in periods.

Summary

BSE has announced the listing of 3,199 further securities issued by companies under Employee Stock Option Plans (ESOP) or Employee Stock Option Schemes (ESOS). The shares are distributed across three tranches with different lock-in provisions, with some shares having immediate liquidity and others subject to lock-in periods extending to February 2027.

Key Points

  • Total of 3,199 equity shares being listed under ESOP/ESOS
  • Three separate tranches: 1,660 shares, 947 shares, and 592 shares
  • Share range from 20757847 to 20761045
  • First tranche (1,660 shares) has no lock-in restriction
  • Second and third tranches have lock-in periods starting January 15, 2026

Lock-in Details

Tranche 1:

  • Shares: 1,660
  • Range: 20757847 to 20759506
  • Lock-in Status: No

Tranche 2:

  • Shares: 947
  • Range: 20759507 to 20760453
  • Lock-in Status: Yes
  • Lock-in Period: January 15, 2026 to February 2, 2026

Tranche 3:

  • Shares: 592
  • Range: 20760454 to 20761045
  • Lock-in Status: Yes
  • Lock-in Period: January 15, 2026 to February 2, 2027

Compliance Requirements

  • Companies must ensure proper disclosure of lock-in status for locked-in shares
  • Trading restrictions apply to shares under lock-in until specified expiry dates
  • Depository participants must maintain lock-in records for restricted shares

Important Dates

  • January 15, 2026: Lock-in period start date for tranches 2 and 3
  • February 2, 2026: Lock-in expiry for tranche 2 (947 shares)
  • February 2, 2027: Lock-in expiry for tranche 3 (592 shares)

Impact Assessment

This is a routine administrative listing with minimal market impact. The listing affects a small number of shares issued under employee benefit schemes. Only 1,539 shares (48%) are subject to lock-in restrictions, which prevents immediate trading and dilution concerns. The staggered lock-in expiry dates ensure gradual market supply, reducing potential volatility.

Impact Justification

Routine listing of ESOP shares with minimal market impact, affecting only specific share ranges with lock-in restrictions