If your company has issued employee stock options and you are planning a listing event, your ESOP records will come under scrutiny before listing day. SEBI's SBEB Regulations apply from the point of listing — but the records that feed those obligations need to be accurate before that.
This article covers what an unlisted company needs to do with its ESOP grant register, vesting records, and exercise history before initiating a listing process — and what happens when those records are not in order.