Enviro Infra Engineers Limited (EIEL) has received in-principle approval from both the National Stock Exchange (NSE) and BSE Limited to list up to 17,73,031 equity shares. These shares, valued at Rs. 10/- each, will be issued upon the exercise of options granted under the EIEL Employees Stock Option Plan, 2025. The approval is conditional upon the company fulfilling several procedural requirements related to allotment and statutory compliance.
In-Principle Approval Secured for ESOP Listing
Enviro Infra Engineers Limited (EIEL) announced on February 24, 2026, that it has secured the necessary in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited. This approval pertains to the potential listing and trading of a maximum of 17,73,031 equity shares of the company, each with a face value of Rs. 10/-.
These shares are set to be allotted following the exercise of options granted under the company’s established employee incentive scheme, specifically the ‘EIEL Employees Stock Option Plan, 2025’ (“The Plan”). The formal letters confirming this approval were referenced as NSE/LIST/53030 and DCS/ESOP/IP/Ak/4100/2025-26.
Listing Conditions Imposed by Exchanges
The approval granted by the exchanges is contingent upon EIEL satisfying several critical listing conditions post-allotment. These requirements mandate that the company must:
- Notify the exchange with the required statement and listing application only after the securities are allotted and credited to beneficiary accounts or certificates dispatched.
- Obtain and confirm receipt of all necessary statutory and regulatory approvals from authorities like SEBI, RBI, and MCA.
- Ensure full compliance with all prevailing exchange guidelines, regulations, and the Companies Act provisions in force at the time of listing.
- Submit the required documents detailed in the respective annexures/checklists provided by both exchanges.
The exchanges explicitly reserve the right to withdraw the in-principle approval if any submitted information is later deemed incomplete, misleading, or found to be in contravention of any rules or regulations.
Company Acknowledgment
The communication was signed by Piyush Jain, Company Secretary & Compliance Officer for Enviro Infra Engineers Limited, confirming that the necessary documentation supporting the in-principle decision has been enclosed with the submission.
Source: BSE
