Description

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

Summary

BSE has announced the listing and admission to trading of further securities issued by seven companies under their Employee Stock Option Plans (ESOP) and Employee Stock Option Schemes (ESOS). These securities will be available for trading from Monday, November 10, 2025. The listed companies include major entities like AXIS Bank, Larsen & Toubro, IndiGo, and Urban Company. None of the newly listed shares are subject to lock-in restrictions.

Key Points

  • 7 companies have issued additional equity shares under ESOP/ESOS schemes
  • Total of 10,530,919 shares to be listed across all companies
  • Effective date for trading: November 10, 2025
  • No lock-in period applicable for any of the listed securities
  • Companies span banking, technology, aviation, engineering, and services sectors

Companies and Share Details

1. AXIS Bank Ltd. (532215)

  • ISIN: INE238A01034
  • Number of shares: 153,657
  • Face value: ₹2
  • Distribution range: 3103194534 to 3103348190

2. Brainbees Solutions Limited (544226)

  • ISIN: INE02RE01045
  • Number of shares: 36,675
  • Face value: ₹2
  • Distribution range: 521909907 to 521946581

3. CG Power and Industrial Solutions Limited (500093)

  • ISIN: INE067A01029
  • Number of shares: 11,000
  • Face value: ₹2
  • Distribution range: 1589505204 to 1589516203

4. InterGlobe Aviation Limited (539448)

  • ISIN: INE646L01027
  • Number of shares: 1,200
  • Face value: ₹10
  • Distribution range: 386588899 to 386590098

5. Larsen & Toubro Limited (500510)

  • ISIN: INE018A01030
  • Number of shares: 24,869
  • Face value: ₹2
  • Distribution range: 1406806004 to 1406830872

6. Quess Corp Limited (539978)

  • ISIN: INE615P01015
  • Number of shares: 81,680
  • Face value: ₹10
  • Distribution range: 220408401 to 220490080

7. Urban Company Limited (544515)

  • ISIN: INE0CAZ01013
  • Number of shares: 10,207,638
  • Face value: ₹1
  • Distribution range: 1435910392 to 1446118029

Regulatory Changes

No regulatory changes are introduced through this circular. This is a standard administrative notification regarding the listing of securities issued under existing ESOP/ESOS frameworks.

Compliance Requirements

  • Trading members are informed to note the availability of these securities for trading from November 10, 2025
  • The new shares will be treated as regular equity shares with no trading restrictions
  • Standard settlement and clearing procedures will apply

Important Dates

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

Impact Assessment

Market Impact: Low - The listing of ESOP/ESOS shares is a routine corporate action that typically has minimal impact on stock prices. The number of shares being listed represents a small percentage of the total outstanding shares for most companies.

Liquidity Impact: Minimal increase in floating stock for the affected companies. Urban Company has the largest issuance with 10.2 million shares, while IndiGo has the smallest with only 1,200 shares.

Investor Impact: No direct impact on existing shareholders. These shares were already accounted for in the diluted equity calculations disclosed in company financials.

Operational Impact: Trading members need to update their systems to reflect the increased share capital and new ISIN distribution ranges for accurate position tracking and settlement.

Impact Justification

Routine administrative listing of employee stock options with no lock-in restrictions; minimal market impact as shares are already trading and ESOP issuances are standard corporate actions.