Description

Seven companies including AXIS Bank, Brainbees Solutions, CG Power, InterGlobe Aviation, L&T, Quess Corp, and Urban Company have listed additional securities issued under employee stock option schemes, effective November 10, 2025.

Summary

BSE has listed further securities issued by seven companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). A total of 10,526,857 shares across companies ranging from banking to aviation to technology sectors will be admitted for trading effective Monday, November 10, 2025. None of the listed securities are under lock-in restrictions.

Key Points

  • 7 companies listing additional shares under ESOP/ESOS schemes
  • Total shares listed: 10,526,857 across all companies
  • Largest issuance: Urban Company Limited with 10,207,638 shares (face value ₹1)
  • AXIS Bank: 153,657 shares (face value ₹2)
  • Brainbees Solutions: 36,675 shares (face value ₹2)
  • CG Power: 11,000 shares (face value ₹2)
  • InterGlobe Aviation: 1,200 shares (face value ₹10)
  • Larsen & Toubro: 24,869 shares (face value ₹2)
  • Quess Corp: 81,680 shares (face value ₹10)
  • No lock-in period applicable for any of the listed securities

Regulatory Changes

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

Compliance Requirements

  • Trading members are informed of the new securities available for trading
  • Companies have completed the listing process for shares issued under their employee stock option programs
  • All securities will be tradable without restrictions from the effective date

Important Dates

  • Notice Date: November 7, 2025
  • Effective Trading Date: Monday, November 10, 2025
  • Lock-in Period: Not applicable (NA) for all securities

Impact Assessment

Minimal market impact expected. ESOP/ESOS listings are routine corporate actions that represent relatively small dilutions to existing share capital. The largest issuance by Urban Company (10.2 million shares) may have slightly more visibility given the quantum, but employee stock options typically have staggered vesting and exercise patterns that minimize immediate selling pressure. For established large-caps like AXIS Bank and L&T, the issuances represent negligible dilution percentages.

Impact Justification

Routine listing of employee stock option shares with minimal market impact. No lock-in restrictions apply.