Description

BSE lists 309,091 additional equity shares issued under ESOP/ESOS schemes by five companies including ICICI Lombard, Kirloskar Industries, Quick Heal Technologies, Rishabh Instruments, and Tata Motors, effective October 10, 2025.

Summary

BSE has listed further securities issued by five companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). The new shares totaling 309,091 equity shares will be admitted for trading on the Exchange effective Friday, October 10, 2025. The companies include ICICI Lombard General Insurance, Kirloskar Industries, Quick Heal Technologies, Rishabh Instruments, and Tata Motors. None of the newly issued shares are subject to lock-in restrictions.

Key Points

  • Five companies have issued a total of 309,091 new equity shares under ESOP/ESOS schemes
  • Trading of these new shares will commence on October 10, 2025
  • ICICI Lombard General Insurance issued the most shares at 96,554 (Face Value ₹10)
  • Kirloskar Industries issued 82,034 shares (Face Value ₹10)
  • Quick Heal Technologies issued 13,783 shares (Face Value ₹10)
  • Rishabh Instruments issued 60,000 shares (Face Value ₹10)
  • Tata Motors issued 56,720 shares (Face Value ₹2)
  • No lock-in period applies to any of these newly issued shares
  • All shares are listed under their existing ISIN numbers

Regulatory Changes

No regulatory changes are introduced in this circular. This is a standard notification of securities listing pursuant to existing ESOP/ESOS frameworks under SEBI regulations.

Compliance Requirements

  • Trading members are informed to take note of the additional securities available for trading
  • The companies have completed the listing requirements for ESOP/ESOS issued shares
  • No specific compliance actions are required from trading members or investors

Important Dates

  • Notice Date: October 9, 2025
  • Trading Commencement Date: October 10, 2025 (Friday)
  • Lock-in Expiry: Not Applicable (NA) - No lock-in restrictions on any shares

Impact Assessment

Market Impact: Minimal. The total number of shares being listed (309,091) represents a very small percentage of the outstanding shares for these companies, particularly for large-cap companies like Tata Motors and ICICI Lombard General Insurance. The impact on share prices and liquidity is expected to be negligible.

Operational Impact: Standard operational update for trading members. The shares will be immediately available for trading without restrictions, ensuring seamless integration into the existing trading pool.

Dilution Impact: The dilution effect on existing shareholders is minimal given the relatively small number of shares issued compared to the total outstanding shares of these companies. This is a routine corporate action related to employee compensation.

Impact Justification

Routine listing of ESOP/ESOS shares representing minimal dilution for existing shareholders. Total shares listed are small relative to outstanding shares of these large companies. No lock-in restrictions apply.