News & Updates

Startup founders and senior executives of unlisted Indian companies are facing income-tax scrutiny for failing to disclose foreign ESOPs received through Singapore-based holding structures, prompting notices under the CBDT’s compliance drive. Undisclosed foreign shares, once taxable in India, can attract higher taxes under “Undisclosed Foreign Income” rules, highlighting the importance of proper reporting of overseas ESOP holdings.

SEBI has notified the SEBI (Share Based Employee Benefits and Sweat Equity) (Second Amendment) Regulations, 2025, bringing clarity and consistency to ESOP and sweat equity valuations for listed companies.

Merchant payments and lending platform Pine Labs has officially filed its Red Herring Prospectus (RHP) for a ₹3,900 crore initial public offering (IPO). The offering will consist of a fresh issue of ₹2,080 crore and an offer for sale (OFS) worth ₹1,820 crore by existing shareholders.

RBL Bank has allotted 1,79,115 equity shares under ESOP on 22 December 2025. With this allotment, the paid up equity share capital has increased to 61,71,56,479 equity shares of Rs. 10 each aggregating to Rs. 617,15,64,790.

Nippon Life India Asset Management has allotted 57,261 equity shares under ESOP on 22 December 2025. With this allotment, the paid up equity share capital has increased to 63,70,91,750 equity shares of Rs 10 each.

Tube Investments of India has allotted 820 equity shares under ESOP on 26 December 2025. With this allotment, the paid up equity share capital has increased from Rs. 19,35,08,850/- to Rs. 19,35,09,670/-.

CG Power & Industrial Solutions has allotted 5,000 equity shares under ESOP on 23 December 2025. Consequently, on allotment of the above equity shares, the paid-up equity share capital of the Company stands increased from Rs. 3,14,97,15,218 to Rs. 3,14,97,25,218 comprising of 1,57,48,62,609 equity shares of face value of Rs. 2/- each.

Max India has allotted 20,000 equity shares under ESOP on 12 December 2025. Consequent to the aforesaid allotment, the issued, subscribed and paid-up capital of the Company stand increased from Rs. 52,43,03,620 (consisting of 5,24,30,362 equity shares of face value of Rs 10 each) to Rs 52,45,03,620 (consisting of 5,24,50,362 equity Shares of face value of Rs 10 each).

HDFC Life Insurance Company has allotted 7,59,628 equity shares to the eligible option holders pursuant to exercise of stock options by them under various Employee Stock Option Schemes. Post the above allotment, paid]up equity share capital of the Company stands at Rs 21,56,84,59,650 comprising of 2,15,68,45,965 equity shares of face value of Rs 10 each.

Infosys has allotted 2,23,060 equity shares under ESOPs on 20 November 2025. With this allotment, the paid up equity share capital has increased to Rs 20,77,31,22,045/- divided into 4,15,46,24,409 equity shares of face value of Rs 5/- each.

The parent company of Zomato and Blinkit, Eternal, approved a grant of approximately 64.13 lakh stock options under its ESOP 2014, ESOP 2021 and ESOP 2024 schemes, valuing them at around ₹224 crore (based on the opening stock price of ₹326.2). The options were issued at an exercise price of ₹1 per share, each convertible into one fully paid equity share with a face value of ₹1.The approval was made by the company’s Nomination and Remuneration Committee as per its exchange filings.

The company has allotted 3,100 equity shares under its ESOP (Employee Stock Option Plan). This allotment has resulted in a modest increase in its paid-up share capital.