Description

BSE lists additional equity shares issued under employee stock option schemes by six companies including ICICI Bank, Arvind Fashions, ICICI Prudential Life, Intense Technologies, IRIS Business Services, and Shriram Properties, effective October 9, 2025.

Summary

BSE has approved the listing and admission for trading of additional equity shares issued by six companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). The newly listed shares will be available for trading effective Thursday, October 9, 2025. None of the shares are subject to lock-in restrictions.

Key Points

  • Six companies have issued additional shares under ESOP/ESOS schemes
  • Total of 952,001 new shares across all companies combined
  • ICICI Bank issued the largest number: 519,475 shares (face value ₹2)
  • All newly issued shares have no lock-in period restrictions
  • Trading commences on October 9, 2025
  • Shares assigned specific ISIN codes and distinctive number ranges

Listing Details

Companies and Share Issuances:

  1. Arvind Fashions Limited (INE955V01021, Scrip: 542484)

    • Shares: 3,000 | Face Value: ₹4
    • Distinctive Nos: 185426901 to 185429900

  2. ICICI Bank Ltd. (INE090A01021, Scrip: 532174)

    • Shares: 519,475 | Face Value: ₹2
    • Distinctive Nos: 7143705862 to 7144225336

  3. ICICI Prudential Life Insurance Company Limited (INE726G01019, Scrip: 540133)

    • Shares: 15,161 | Face Value: ₹10
    • Distinctive Nos: 1446766670 to 1446781830

  4. Intense Technologies (INE781A01025, Scrip: 532326)

    • Shares: 93,750 | Face Value: ₹2
    • Distinctive Nos: 23518200 to 23611949

  5. IRIS Business Services Limited (INE864K01010, Scrip: 540735)

    • Shares: 20,130 | Face Value: ₹10
    • Distinctive Nos: 20538118 to 20558247

  6. Shriram Properties Limited (INE217L01019, Scrip: 543419)

    • Shares: 301,485 | Face Value: ₹10
    • Distinctive Nos: 170352908 to 170654392

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for shares issued under existing ESOP/ESOS frameworks as per SEBI regulations.

Compliance Requirements

  • Trading members are informed of the new shares for trade settlement purposes
  • Companies must ensure proper dematerialization and credit to employee demat accounts
  • Standard post-listing compliance applies including shareholding pattern disclosures

Important Dates

  • Notice Date: October 8, 2025
  • Trading Commencement: October 9, 2025 (Thursday)
  • Lock-in Expiry: Not Applicable (NA) - no lock-in restrictions

Impact Assessment

Market Impact: Minimal. The total dilution is relatively small across all companies. ICICI Bank’s 519,475 shares represent negligible dilution given its large equity base. No lock-in restrictions mean shares are immediately tradable, though employee exercise patterns typically result in gradual market absorption.

Operational Impact: Routine administrative listing. No impact on trading operations or existing shareholder rights. Companies continue standard ESOP/ESOS programs for employee retention and incentivization.

Investor Consideration: Marginal increase in outstanding shares may have minimal effect on earnings per share calculations. Investors should monitor ongoing ESOP dilution trends in quarterly shareholding patterns.

Impact Justification

Routine ESOP/ESOS share listings with no lock-in restrictions. Total shares across all companies represent minimal dilution relative to market capitalization. No immediate trading impact expected.