Description

BSE announces listing and admission for trading of new securities issued under ESOP/ESOS by ICICI Lombard General Insurance, Kirloskar Industries, Quick Heal Technologies, Rishabh Instruments, and Tata Motors effective October 10, 2025.

Summary

BSE has announced the listing and admission for trading of further securities issued by five companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). The new securities will be available for trading from Friday, October 10, 2025. The companies include ICICI Lombard General Insurance Company Limited, Kirloskar Industries Ltd, Quick Heal Technologies Limited, Rishabh Instruments Limited, and Tata Motors Ltd. None of these securities are subject to lock-in restrictions.

Key Points

  • Five companies have issued additional equity shares under ESOP/ESOS schemes
  • ICICI Lombard General Insurance: 96,554 shares (Face Value ₹10, Scrip Code 540716)
  • Kirloskar Industries: 82,034 shares (Face Value ₹10, Scrip Code 500243)
  • Quick Heal Technologies: 13,783 shares (Face Value ₹10, Scrip Code 539678)
  • Rishabh Instruments: 60,000 shares (Face Value ₹10, Scrip Code 543977)
  • Tata Motors: 56,720 shares (Face Value ₹2, Scrip Code 500570)
  • All securities are admitted for trading with effect from October 10, 2025
  • No lock-in period applies to any of the listed securities

Regulatory Changes

No regulatory changes are introduced in this circular. This is a standard listing notification for securities issued under existing ESOP/ESOS frameworks.

Compliance Requirements

  • Trading members are informed to note the listing of these additional securities
  • The new shares are immediately available for trading without restrictions
  • Companies must ensure compliance with existing ESOP/ESOS regulations and SEBI guidelines

Important Dates

  • Notice Date: October 9, 2025
  • Trading Commencement Date: Friday, October 10, 2025
  • Lock-in Period: Not Applicable (NA) for all listed securities

Impact Assessment

The market impact of this listing is minimal as the number of shares being listed represents a small fraction of the total outstanding shares for each company. ESOP/ESOS listings are routine corporate actions that provide liquidity to employees who have exercised their stock options. The absence of lock-in restrictions means these shares can be traded immediately, though the volumes are not significant enough to materially affect stock prices or market operations. This is a standard administrative notification with no broader market implications.

Impact Justification

Routine listing of securities issued under employee stock option schemes with relatively small quantities compared to outstanding shares. No lock-in restrictions apply.