Oct 6, 2015

Detailed Stock Plan Disclosures under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

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Detailed Stock Plan Disclosures under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

The topmost news amongst the Listed companies and their KMPs is the promulgation of new SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as LODR Regulations). The proposals of the conversion of existing listing agreements into a single comprehensive regulation for varied capital market instruments were into discussions since last year. Resultant to that, finally SEBI came up with the Regulations on 2nd September, 2015, with the objective to unify and consolidate various segments of capital market, thereby penning it down into one single document.

As regards the ESOP/ ESPS Schemes of any listed company, presently Clause 25 of the Listing Agreement requires listed entities to notify to the Stock Exchanges certain information/ disclosures regarding the Stock Options issued/ shares allotted pursuant to such kind of Plans. The promulgation of LODR Regulations has also resulted into relevant modification in the requirements corresponding to Clause 25. The same has been detailed below:

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