Description

BSE announces listing of further securities issued by 7 companies under ESOP/ESOS schemes, totaling 1,355,966 shares, effective October 20, 2025.

Summary

BSE has announced the listing and admission to trading of further securities issued by 7 companies under their ESOP/ESOS schemes. The new shares will be available for trading from Monday, October 20, 2025. This is a routine corporate action involving employee stock option conversions with no lock-in restrictions on the newly listed shares.

Key Points

  • Total of 1,355,966 shares being listed across 7 companies
  • Effective date: October 20, 2025
  • All shares have no lock-in period (listed as NA)
  • Yes Bank Ltd. has the largest issuance with 1,245,046 shares (face value ₹2)
  • KEI Industries Ltd. follows with 48,000 shares (face value ₹2)
  • Ramco Industries Ltd. issued 32,500 shares (face value ₹1)
  • All companies maintain existing ISIN codes

Companies and Share Details

  1. Godrej Consumer Products Ltd. (532424): 28,261 shares, FV ₹1
  2. IDEAFORGE TECHNOLOGY LIMITED (543932): 4,669 shares, FV ₹10
  3. IndoStar Capital Finance Limited (541336): 1,486 shares, FV ₹10
  4. KEI Industries Ltd. (517569): 48,000 shares, FV ₹2
  5. Ramco Industries Ltd (532369): 32,500 shares, FV ₹1
  6. Sudarshan Chemical Indus. Ltd. (506655): 10,004 shares, FV ₹2
  7. Yes Bank Ltd. (532648): 1,245,046 shares, FV ₹2

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification under existing SEBI ESOP regulations.

Compliance Requirements

  • Trading members are informed to update their systems to reflect the increased share capital of these companies
  • No specific compliance actions required from market participants
  • Companies have completed their obligations under ESOP/ESOS grant and vesting procedures

Important Dates

  • Notice Date: October 17, 2025
  • Trading Commencement: October 20, 2025 (Monday)
  • Lock-in Expiry: Not applicable (no lock-in period)

Impact Assessment

The market impact is expected to be minimal due to:

  • Small number of shares relative to total outstanding shares of each company
  • Routine nature of ESOP/ESOS conversions
  • No lock-in restrictions that could lead to immediate selling pressure
  • Yes Bank’s 1.24 million shares represent a small fraction of its large equity base
  • For mid-cap companies like KEI Industries and Ramco Industries, the dilution is less than 0.1%

This is primarily an informational circular for record-keeping and system updates by trading members.

Impact Justification

Routine listing of employee stock option shares with minimal market impact due to small quantities relative to total outstanding shares