Dhoot Transmission Limited has received in-principle approval from both the National Stock Exchange (NSE) and BSE Limited (BSE) for the listing of up to 20,59,779 equity shares. These shares are proposed to be allotted under the company’s ‘DTPL- Employee Stock Option Plan 2025’. The approval is subject to fulfilling various conditions stipulated by the exchanges, including regulatory compliances and submission of required documents.
In-Principle Approval Secured from NSE and BSE
Dhoot Transmission Limited has announced that it has received in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) for the listing of new equity shares. This approval pertains to a maximum of 20,59,779 equity shares, each with a face value of Rs. 2/-, proposed to be allotted to the employees of the Company under the ‘DTPL- Employee Stock Option Plan 2025’.
Key Details of the Allotment
The aforementioned shares are to be allotted upon the exercise of stock options by the employees. The approval from both exchanges, dated October 27, 2026, signifies a crucial step in the implementation of the employee stock option scheme. The company has submitted necessary documentation, including statements under Regulation 10(b) of SEBI Regulations, to facilitate this process.
Conditions for Listing
The in-principle approval from NSE and BSE is contingent upon Dhoot Transmission Limited fulfilling a set of conditions. These include:
- Notifying the Exchange as per Regulation 10(c) post-allotment and credit to beneficiary accounts or dispatch of share certificates.
- Receipt of all statutory and other necessary approvals from relevant authorities.
- Strict compliance with all guidelines, regulations, and directions issued by the exchanges and statutory bodies.
- Adherence to the conditions of SEBI (LODR) Regulations, 2015, and the Companies Act, 1956/2013.
- Submission of all required documents as per the checklists provided by the exchanges.
Both exchanges have reserved the right to withdraw their in-principle approval if any information provided is found to be incomplete, incorrect, misleading, or in contravention of any rules and regulations.
Source: BSE
