In-principle approval from BSE and NSE for 4,00,000 equity shares under Kaya Stock Option Plan 2021
Kaya Ltd has received in-principle approval from BSE and NSE for issue, listing and allotment of up to 4,00,000 equity shares of face value Rs. 10/- each under Kaya Stock Option Plan 2021, to employees on exercise of stock options.
By ScoutQuest · · 2 min read
- Shares under ESOP
- up to 4,00,000 equity shares
- Face Value
- Rs. 10/- each
- Approvals
- in-principle approval from BSE and NSE
What was informed
Kaya Limited has told BSE and NSE that it has received in-principle approval from both exchanges for the listing, issue and allotment of up to 4,00,000 equity shares of face value Rs. 10/- each, under the Kaya Stock Option Plan 2021.
Key points from the update
- The shares are to be issued to permanent employees of the company and employees of its subsidiary(ies), as per the undertaking given under Regulation 10(b) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
- The approval is for a maximum of 4,00,000 equity shares, which are to be allotted on exercise of options, as and when those options are exercised.
- Each share has a face value of Rs. 10/-.
- BSE granted the in-principle approval through its letter dated October 14, 2026, and NSE through its letter of the same date.
What the exchanges have said
- The company must notify the exchange, along with the listing application, after the shares are allotted and credited to the beneficiaries' account or share certificates are despatched, as applicable.
- Listing and trading approval will be issued subject to compliance with the conditions listed, including receipt of statutory approvals, compliance with the SEBI (LODR) Regulations, 2015 and the Companies Act, 1956 / 2013, and submission of documents as per the enclosed list.
- The exchange can withdraw the in-principle approval at any later stage if the information submitted is found to be incomplete, incorrect, misleading or false, or if it is in contravention of the rules, bye-laws and regulations of the exchange, listing regulations or guidelines issued by statutory authorities.
How to read this
An in-principle approval is a permission that enables the company to get these shares listed once they are actually allotted. The allotment itself happens when employees exercise their stock options, so the shares reach the market in that manner rather than all at once.
Shares issued under an employee stock option plan add to the total number of shares in circulation. Over time, as options get exercised, the total share count and the shareholding pattern can change. The conditions attached to the approval include updates the company must make after allotment.
Also from Kaya
BSE and NSE grant in-principle approval for proposed preferential issue of ~18.24 lakh shares
19 Oct 2026
Clarifications shared With NSE On Preferential Issue Of 18,24,150 Shares At Rs. 274.10
29 Sep 2026
More numbers
- Maximum equity shares under the in-principle approval4,00,000
- Face value per equity shareRs. 10/-
- Maximum equity shares covered by the NSE approval letter4,00,000
- Share capital threshold for ESOP details in the annexure1%
- Share capital threshold for ESPS details in the annexure5%
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