NSE and BSE grant in-principle approval for listing of 9,75,000 ESOP shares

SEDEMAC Mechatronics has received in-principle approval from NSE and BSE for listing of up to a maximum of 9,75,000 equity shares of face value Rs. 10/- each.

Wed 7 Oct 2026

ESOP shares approved for listing

up to a maximum of 9,75,000 equity shares

Face value per share

Rs. 10/- each

In-principle approval date

October 07, 2026

What the company informed the exchanges

SEDEMAC Mechatronics Limited has informed BSE and NSE that both exchanges have issued their respective in-principle approval letters for the listing of up to a maximum of 9,75,000 (Nine Lakhs Seventy-Five Thousand) equity shares of face value Rs. 10/- each, proposed to be allotted under the SEDEMAC Mechatronics Employee Stock Option Scheme - 2025.

The NSE letter is ref. no. NSE/LIST/57313 and the BSE letter is ref. no. DCS/ESOP/IP/RD/263/2026-27, both dated October 07, 2026. The company has enclosed both letters with its intimation.

What an in-principle approval means

An in-principle approval is a go-ahead from the exchanges for listing these shares once they are allotted. It is not the allotment itself. Both exchanges state that the shares will be allotted on exercise of options as and when exercised, and the approval is subject to the company fulfilling the conditions listed in the letters.

Conditions stated by the exchanges

• The company must notify the exchange under Regulation 10(c) together with the listing application only after allotment of the securities and credit to the beneficiaries' account, or dispatch of share certificates, as applicable.
• Receipt of statutory and other approvals, and compliance with guidelines issued by statutory authorities including SEBI, RBI and MCA.
• Compliance with the guidelines, regulations and directions of the exchange or any statutory authorities, and submission of documents as listed in the annexure/checklist.
• NSE also notes compliance with all conditions of the SEBI (LODR) Regulations, 2015 as on the date of listing and with the Companies Act, 1956 and Companies Act, 2013; BSE also notes payment of fees as may be prescribed from time to time.

What the exchanges have said about the approval itself

• NSE states it will issue approval for listing and trading of the equity shares subject to the compliances stated.
• BSE states it will issue trading permission from time to time upon receipt of the notification under Regulation 10(c) and subject to compliance with the stated conditions.
• Both exchanges state they reserve the right to withdraw the in-principle approval at any later stage if the information submitted is found to be incomplete, incorrect, misleading or false, or for contravention of rules, bye-laws, regulations, the listing agreement or guidelines issued by statutory authorities.
• NSE adds that its letter should not be construed as approval under any other Act, regulation, rule or bye-law, for which the company may need separate approval from other departments of the exchange.

In simple terms

An employee stock option scheme gives employees the right to receive shares of the company on exercise of options granted to them. When those options are exercised, the company allots shares, and this in-principle approval is the step that clears the way for those shares to be listed once allotted. The 9,75,000 shares is a maximum figure; allotment happens on exercise of options as and when exercised.

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