Description

BSE announces listing and admission for trading of further securities issued under ESOP/ESOS by 23 companies, effective November 7, 2025.

Summary

BSE has announced the listing and admission for trading of further securities issued by 23 companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). These securities will be available for trading with effect from Friday, November 7, 2025. None of the listed shares are under lock-in period.

Key Points

  • 23 companies are listing additional equity shares issued under ESOP/ESOS schemes
  • Trading effective date: November 7, 2025
  • Total shares across all companies: approximately 4.8 million shares
  • No lock-in period applies to any of the listed securities
  • Largest issuances: Persistent Systems (1.35 million shares), L&T Finance (615,531 shares), Federal Bank (398,444 shares)
  • Face values range from Re. 1 to Rs. 10 per share depending on the company
  • All securities have been assigned distinct number ranges for identification

Regulatory Changes

No regulatory changes. This is a standard listing notification for securities issued under existing ESOP/ESOS frameworks.

Compliance Requirements

  • Trading members are informed to enable trading in these securities from November 7, 2025
  • Standard trading and settlement procedures apply
  • No special compliance requirements or restrictions

Important Dates

  • Notice Date: November 6, 2025
  • Trading Commencement Date: November 7, 2025
  • Lock-in Period: Not Applicable (NA) for all securities

Impact Assessment

Market Impact: Minimal. The issuance represents routine ESOP/ESOS conversions across 23 companies. The share counts are relatively small compared to the existing issued capital of most companies listed.

Liquidity Impact: Negligible increase in float for the affected securities. None of the shares are subject to lock-in, allowing immediate trading.

Dilution Impact: Minor dilution for existing shareholders. The largest issuance (Persistent Systems at 1.35 million shares) represents modest dilution relative to typical market capitalizations.

Companies Affected: Aditya Birla Capital, Angel One, Ather Energy, AU Small Finance Bank, BlackBuck, Brigade Enterprises, Coforge, Federal Bank, Home First Finance, ICICI Bank, ICICI Lombard General Insurance, ICICI Prudential Life Insurance, Intellect Design Arena, L&T Finance, Max India, PDS Limited, Persistent Systems, Poonawalla Fincorp, Sai Life Sciences, SIS Limited, Star Health and Allied Insurance, Sterling and Wilson Renewable Energy, and The Anup Engineering.

Impact Justification

Routine administrative listing of ESOP/ESOS shares with no lock-in period. Minor dilution across 23 companies with relatively small share counts. No material market impact expected.