EquityList Product Updates

When granting ESOPs to your employees, Indian companies need to maintain a Register of Employee Stock Options. This register contains the details of the employee name (holder), grant ID, number of options granted, date of options vested, exercise period, and more.

Please note: This is a statutory requirement under the Companies Act of India, making it mandatory for these registers to be maintained. Your secretarial team can now easily download the SH-6 report with all the mandatory information pre-filled, sharing hours of reconciliation and coordination!

Startups managing their ESOPs on EquityList can now directly download ESOP Expense Reports following the graded-vesting method.

Equity Grants --> Report --> ESOP Expense Reports‍

Startups registered in India should comply with Indian Accounting Standard 102 (IndAS 102) to report ESOP expenses as recommended by the Institute of Chartered Accountants of India (ICAI). IndAS 102 establishes uniform accounting principles and practices for all types of share-based payments toward employees and non-employees for Indian companies.

As options/shares are usually granted to employees across a graded vesting schedule, this report needs to account for the cost incurred by the company for each vesting group.

Finance teams end up spending hours collating grant-wise data split across multiple vesting schedules on a quarterly basis. This perpetually recurring activity is highly cumbersome and error-prone when done manually over spreadsheets.

Startups managing ESOPs on EquityList can now easily download month-wise expense reports directly from their dashboard, saving countless hours. These ESOP Expense Reports follow the graded-vesting method and thus make the process much more efficient, leaving no account for errors.

Companies like Slice use these reports for their quarterly filings and save them a bunch of time in reconciling ESOP-related costs for hundreds of grants. Hear it yourself from the slice team:

Startups registered across India, Singapore, and the US can administer and manage their ESOP grants on EquityList. Reach out to us at help@equitylist.co to start your ESOP and cap table management journey.

What's new?
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Admins can now select the preferred settlement option for their SAR pool. Choosing ‘share- based' settlement will now impact your fully diluted cap table, whilst cash won’t.
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• # of new grants issued and breakdown of their status
• # of new share certificates issued
• Status of pending grant executions
• Data room activity
• Investor update activity

• Track the number of grants executed, pending, or in the draft stage
• Breakdown of reasons for pending grants that require your immediate attention
• Number of employees invited
• Data Room usage and view count
• Investor Updates sent, and more.

We have currently released a beta version and have focussed on Equity Grants, Investor Communication, and Data Rooms for the time being.

We plan to add a lot more insightful graphs and metrics in the coming days to empower your equity management oversight and decision-making.

• You can now use the admin activity log to audit and investigate admin-related events
• View records of actions performed by individual admins across different suites with corresponding time stamps
• Apply admin-wise filter and export as a .csv file