The approval, referenced under DCS/ESOP/IP/TS/137/2026-27, was granted subject to compliance with several conditions:
- The Company must notify the Exchange as per the format prescribed under Regulation 10(c) of Securities Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 together with listing application after shares are allotted and credited to beneficiaries' accounts or share certificates have been dispatched
- Payment of fees as prescribed from time to time
- Receipt of statutory and other approvals and compliance with guidelines issued by statutory authorities including SEBI, RBI, and MCA
- Compliance with all guidelines/regulations/directions of the Exchange or any statutory authorities
- Compliance of all conditions of Listing Agreement as on date of Listing
- Compliance with the Companies Act, 1956/2013 and other applicable laws
- Submission of documents as given in the Checklist available on the BSE website
The Exchange reserves the right to withdraw its in-principle approval at any later stage if the information submitted is found to be incomplete, incorrect, misleading, false, or for any contravention of Rules, Bye-laws and Regulations of the Exchange, Listing Agreement, or Guidelines/Regulations issued by statutory authorities.
The approval letter was signed by Marian Dsouza (Assistant Vice President) and Abhishek Kadlak (Deputy Manager) of BSE Limited. The company's communication was signed by Yashashvi Srivastava, Company Secretary & Compliance Officer, and included the In-Principle Approval Letter received from BSE Limited as an enclosure.