Description

BSE announces listing and trading admission of further securities issued under ESOP/ESOS schemes by 12 companies including Axis Bank, CG Power, Kotak Mahindra Bank, and others, effective November 3, 2025.

Summary

BSE has notified the listing and admission for trading of further securities issued under Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS) by 12 companies. These securities will be available for trading with effect from Monday, November 3, 2025. The circular covers a total of 413,753 shares across various companies with no lock-in period restrictions.

Key Points

  • 12 companies have issued further securities under ESOP/ESOS schemes
  • Total shares being listed: 413,753 shares
  • Trading effective date: November 3, 2025
  • All securities have no lock-in period (NA for all)
  • Largest issuances: Axis Bank (188,287 shares), Vardhman Special Steels (58,500 shares), CG Power (40,000 shares)
  • Face values range from Re. 1 to Rs. 10 per share
  • All securities are in the equity segment

Companies and Share Details

  1. Axis Bank Ltd. (532215): 188,287 shares, FV Rs. 2
  2. CG Power and Industrial Solutions Limited (500093): 40,000 shares, FV Rs. 2
  3. D.B. Corp Limited (533151): 3,200 shares, FV Rs. 10
  4. Hexaware Technologies Limited (544362): 9,000 shares, FV Re. 1
  5. Kansai Nerolac Paints (500165): 10,526 shares, FV Re. 1
  6. Kirloskar Oil Engines Limited (533293): 25,651 shares, FV Rs. 2
  7. Kotak Mahindra Bank Ltd. (500247): 37,598 shares, FV Rs. 5
  8. Lodha Developers Limited (543287): 12,695 shares, FV Rs. 10
  9. Solara Active Pharma Sciences Limited (541540): 9,000 shares, FV Rs. 10
  10. Sterlite Technologies Limited (532374): 11,397 shares, FV Rs. 2
  11. VA Tech Wabag Limited (533269): 7,899 shares, FV Rs. 2
  12. Vardhman Special Steels Ltd (534392): 58,500 shares, FV Rs. 10

Regulatory Changes

No regulatory changes introduced. This is a routine administrative notification for listing of securities already issued under existing ESOP/ESOS frameworks.

Compliance Requirements

  • Trading members are informed to update their systems for the new securities
  • No specific compliance actions required from market participants
  • Companies have completed their listing formalities with BSE

Important Dates

  • Notice Date: October 31, 2025
  • Trading Commencement Date: November 3, 2025 (Monday)
  • Lock-in Period: None (NA for all securities)

Impact Assessment

Market Impact: Minimal. The quantities being listed represent small percentages of the outstanding shares for these companies. The largest issuance is 188,287 shares by Axis Bank, which is negligible compared to its total issued capital.

Liquidity Impact: Negligible increase in floating stock for the affected companies. With no lock-in restrictions, these shares are immediately available for trading, but the small volumes are unlikely to affect market dynamics.

Investor Impact: Positive for ESOP/ESOS beneficiaries who can now trade their allotted shares immediately. No direct impact on existing shareholders as these dilutions are typically already accounted for in fully diluted share capital calculations.

Impact Justification

Routine listing of ESOP/ESOS shares with relatively small quantities; no lock-in restrictions; minimal market impact expected from these additional securities