Avenue Supermarts Seeks SEBI Pledge Guidance for ESOPs

Avenue Supermarts requests SEBI interpretive guidance on PIT Regulations for ESOP-related share pledging by designated persons.
The company seeks clarification on whether pledging shares for ESOP exercise loans constitutes contra trade during window closure.
Guidance is requested on treating pledge creation/revocation as bona fide transactions exempt from trading window restrictions.
The query relates to upcoming 2026 ESOP vesting events coinciding with the company's quarterly trading window closures.