Description
BSE announces listing of further securities issued under ESOP/ESOS by six companies including ICICI Bank, Arvind Fashions, ICICI Prudential Life, and others, effective October 9, 2025.
Summary
BSE has announced the listing and admission for trading of further securities issued under Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS) by six companies. These securities will be available for trading from Thursday, October 9, 2025. The total issuances include shares from major companies like ICICI Bank (519,475 shares) and ICICI Prudential Life Insurance (15,161 shares), as well as smaller issuances from Arvind Fashions, Intense Technologies, IRIS Business Services, and Shriram Properties. None of the issued securities are under lock-in.
Key Points
- Six companies have issued further securities under ESOP/ESOS schemes
- Total of 952,001 shares across all companies to be listed
- ICICI Bank has the largest issuance with 519,475 shares (face value ₹2)
- Shriram Properties has the second largest with 301,485 shares (face value ₹10)
- All securities are admitted for trading with effect from October 9, 2025
- No lock-in period applies to any of the issued securities
- Notice issued by Kinnar Mehta, Assistant Vice President, BSE
Companies and Issuance Details
Arvind Fashions Limited (542484)
- ISIN: INE955V01021
- Shares: 3,000
- Face Value: ₹4
- Distinctive Numbers: 185426901 to 185429900
ICICI Bank Ltd. (532174)
- ISIN: INE090A01021
- Shares: 519,475
- Face Value: ₹2
- Distinctive Numbers: 7143705862 to 7144225336
ICICI Prudential Life Insurance Company Limited (540133)
- ISIN: INE726G01019
- Shares: 15,161
- Face Value: ₹10
- Distinctive Numbers: 1446766670 to 1446781830
Intense Technologies (532326)
- ISIN: INE781A01025
- Shares: 93,750
- Face Value: ₹2
- Distinctive Numbers: 23518200 to 23611949
IRIS Business Services Limited (540735)
- ISIN: INE864K01010
- Shares: 20,130
- Face Value: ₹10
- Distinctive Numbers: 20538118 to 20558247
Shriram Properties Limited (543419)
- ISIN: INE217L01019
- Shares: 301,485
- Face Value: ₹10
- Distinctive Numbers: 170352908 to 170654392
Regulatory Changes
No regulatory changes. This is a routine listing notification for ESOP/ESOS-issued securities.
Compliance Requirements
- Trading members are informed to note the listing of these securities for trading operations
- Securities are immediately available for trading with no restrictions
- Standard trading and settlement procedures apply
Important Dates
- Notice Date: October 8, 2025
- Trading Commencement Date: Thursday, October 9, 2025
- Lock-in Expiry: Not applicable (no lock-in period)
Impact Assessment
Market Impact: Minimal. The issuance represents routine ESOP/ESOS conversions with relatively small share quantities compared to the overall market capitalization of the companies involved. ICICI Bank’s issuance of 519,475 shares is negligible relative to its total outstanding shares.
Liquidity Impact: No significant impact expected on trading liquidity. The absence of lock-in periods means shares are immediately available for trading, but the volumes are small enough not to materially affect market dynamics.
Shareholder Impact: Minor dilution across all six companies. Existing shareholders will see marginal increase in outstanding share count due to ESOP/ESOS conversions, which is a standard corporate practice for employee compensation.
Impact Justification
Routine listing of ESOP/ESOS shares with no lock-in restrictions. Relatively small issuances across six companies with minimal market impact expected.