EquityList Product Recap (Q2, 2025)

🚀 Granular control with exercise settings

A dedicated ‘Exercise Settings’ tab is now available under Company › Settings. It consolidates many rules that govern how—and when—employees can exercise their options, reducing manual overrides and audit follow-ups.

What’s included:

• Exercise payment-deadline rules: Set a hard calendar date or a rolling ‘N-day’ window, add a daily cut-off time, and decide whether employees can cancel exercise requests even after FMV is locked.
  
• Exercise payment-completion condition: Choose if employees can proceed to exercise e-signing
  • ‘On Transaction Success’: allows eSigning immediately after the payment gateway confirms, or
  • ‘On Payment Settlement’: allows eSigning only after funds are credited to your company’s account.
    
• FMV calculation method: You can now select the formula as
  • [Default] ‘Average of Opening and Closing Price’, or
  • 'Last Trading Day’s Closing Price’, or
  • A custom formula that matches your internal valuation policy.
    
• Employee payment notification controls: Toggle the payment-deadline banner (a notification banner on employee dashboard) and payment-reminder emails (automated emails to follow up with employees) on/off with a single switch to match your communication cadence.
  
• Offline payments: Choose whether or not you wish to allow offline payments for exercise requests, like cheques and challans.
  
• Bank-account routing: You can now select between using a single MID (Merchant ID) for both the exercise cost and perquisite tax or separate MIDs for both accounts.

Why it matters:

No two companies handle option exercises the same way. Our new settings let you control every step so the workflow fits your policy, not the other way around. Few cap-table tools offer this depth of flexibility, and it removes the need for manual fixes or maintaining multiple side spreadsheets.

🚀 Track convertible debentures end-to-end

Under Cap Table › Convertibles › Debentures, you can now record Compulsorily Convertible Debenture (CCD) issues, alongside ‘Convertible Notes’ and ‘SAFEs’.

Additionally, when adding a CCD, you’ll also see a new form layout that remains on a single page but is divided into clear blocks to cut data-entry errors.

Why it matters:

CCDs are common instruments for bridge financing. Capturing them in EquityList keeps dilution maths accurate and provides a clean, auditable certificate, removing the need for parallel spreadsheets or manual PDF edits.

🌟Choose resignation or last working day in vesting templates

Under Equity Awards › Vesting Templates, you can now anchor each schedule to either the Resignation Date or the Last Working Day. Pick the one that matches your policy and EquityList will auto-adjust vesting calculations (no manual edits required when notice periods shift).

Why it matters:

Many companies stop vesting post-exit; so out of necessity, they created a workaround where resignation dates were clubbed together with the last working day…but this is an incorrect record system.

With EquityList, now they don’t have to.

🌟Show ISIN in share certificates and shareholder dashboards

From Cap Table › Shares > ‘Share Certificates’, you can now add or edit ISINs (including uploading the supporting document); the record value for which show on the certificate itself and in every shareholder dashboard for instant reference.

Why it matters:

This is especially helpful for users who are actively dematerialising their securities.

(And if you’re undertaking dematerialisation through EquityList then our team is already adding these ISIN values in your dashboard.)

🌟CCPS added as a separate share type

Under Cap Table › Shares › Share Classes, when adding new a class, the ‘Class Type’ dropdown now lists Compulsorily Convertible Preference Shares (CCPS) alongside Common and Preferred.

The form too has been organized into blocks so you can input data with less scrolling and less chances of errors.

Why it matters:

Elevating CCPS to a separate share class—rather than as a toggle buried with ‘Preferred’ previously—keeps things more organized and is just better user experience.

🌟Record allotment date during exercise execution

Under Equity Awards › ESOP Exercises, an ‘Allotment Date’ field now appears when you mark one or many exercise requests as executed.

Select a date there itself as opposed to manual spreadsheet uploads to back-fill allotment details later.

To see a full list of past feature updates and launches, head over to our Product Updates page.