Envirotech Systems Limited has secured in-principle approval from the National Stock Exchange of India Limited (NSE) for the listing of up to 9,39,500 equity shares of face value ₹10 each, to be allotted under the Envirotech Employee Stock Option Plan 2025 ("ESOP 2025"). The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by CS Avinash Prabhat, Company Secretary and Compliance Officer, on May 11, 2026.

Key Details of the In-Principle Approval

The NSE issued its in-principle approval via reference letter NSE/LIST/54135 dated May 11, 2026. The approval covers the allotment of equity shares to employees upon the exercise of options under ESOP 2025. The following table summarises the key parameters of the approval:

Conditions Governing the Approval

The NSE has granted the in-principle approval subject to the fulfilment of several listing conditions. These include:

• Notification to the Exchange as per Regulation 10(c), along with the listing application, only after allotment of securities and credit to beneficiaries' accounts or dispatch of share certificates, as applicable.
• Receipt of all statutory and other approvals, including compliance with guidelines issued by SEBI, RBI, and MCA.
• Compliance with all guidelines, regulations, and directions of the Exchange or any statutory authorities, as well as documentary requirements from time to time.
• Compliance with all conditions of SEBI (LODR) Regulations, 2015, as on the date of listing.
• Compliance with the Companies Act, 1956, Companies Act, 2013, and other applicable laws.
• Submission of documents as specified in the enclosed annexure.

The Exchange has also reserved the right to withdraw its in-principle approval at any later stage if information submitted is found to be incomplete, incorrect, misleading, or false, or in contravention of any applicable rules, bye-laws, or regulations.

Documentation Requirements

As part of the listing process, the company is required to submit the following documents to the Exchange upon allotment:

• Certified true copy of the statement under Regulation 10(c) as per the prescribed SEBI format.
• NSDL/CDSL credit and/or dispatch of physical certificate confirmation by the Registrar and Transfer agent.
• Certified true copy of the Board resolution for allotment of shares.
• List of allottees specifying the name and number of shares allotted.
• Details of employees granted options or shares in excess of 1% of share capital under ESOP.
• Confirmation as to whether any Directors have been issued shares pursuant to ESOP, along with relevant details.

The in-principle approval does not constitute approval under any other Act, regulation, rule, or bye-law beyond those explicitly referenced, and Envirotech Systems has been advised to separately approach concerned departments for any additional approvals required.

Envirotech Systems Limited has submitted a formal disclosure to the National Stock Exchange of India Limited, confirming that it does not qualify as a 'Large Corporate' under the applicable SEBI circular for the financial year 2025-26. The communication, dated 30th April 2026, was addressed to the Listing Compliance Department of the National Stock Exchange of India Limited.

SEBI Large Corporate Framework: Applicable Criteria

The disclosure references Para 3.2 of SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, which sets out the conditions under which a listed entity (other than Scheduled Commercial Banks) is identified as a 'Large Corporate'. As per the circular, all three of the following conditions must be met as on the last day of the preceding financial year:

Company's Position Under the Framework

Envirotech Systems Limited has confirmed that it satisfies only the first condition, having its equity shares listed on the NSE SME Emerge platform. The company explicitly stated that it does not meet the second condition pertaining to outstanding long-term borrowings of ₹1,000 crore or more, nor the third condition regarding the requisite credit rating of "AA" or above.

The following table summarises the company's status against each criterion:

Disclosure Outcome

Since Envirotech Systems Limited does not fulfil all three prescribed conditions, it does not qualify as a 'Large Corporate' under the aforementioned SEBI circular. As a result, the requirement for Initial Disclosure for the financial year 2026-2027 is not applicable to the company. The disclosure was signed by CS Avinash Prabhakar, Company Secretary & Compliance Officer (Membership No. A76831), and submitted to the exchange for its records.